Venezuela will merge state banks and opens door for integration with private banks
Venezuela fusionará los bancos estatales y abre la puerta a la integración con los bancos privados
Intel ID : 219111
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Government of Venezuela announced the creation of Banco de Desarrollo Comunal, a financial entity controlled by the Government which will merge and integrate all nationalized banks: Banco del Pueblo, Banco de la Mujer, Fondo Nacional de los Consejos Comunales and Fondo de Desarrollo Microfinanciero. Although at first this initiative will only affect these banks, the President of Venezuela, Nicolás Maduro, invited private banks to join this integration process.
(content in spanish)
El Gobierno de Venezuela ha anunciado la creación del Banco de Desarrollo Comunal, entidad financiera dependiente del Estado bajo la cual se fusionarán los bancos ya nacionalizados: Banco del Pueblo, el Banco de la Mujer, el Fondo Nacional de los Consejos Comunales y el Fondo de Desarrollo Microfinanciero. Aunque en principio esta iniciativa solo afecta a dichas entidades, el Presidente de Venezuela, Nicolás Maduro, ha invitado a los bancos privados a que se sumen al proceso de integración. |
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