BNC (bank)
Encyclopedia
BNC Banco Nacional de Crédito, is a Venezuelan commercial bank headquartered in Caracas
. It was founded in 1977 in San Antonio del Táchira
as Banco Tequendama branch of the Banco Tequendama Colombia.
In 2002 starts the purchase of the bank by group of Venezuelan investors, completing the acquisition in 2003, year in which changes its name to Banco Nacional de Crédito.
In 2009 BNC acquired the Stanford Bank Venezuela
, previously controlled by Stanford Financial Group
, for $111m.
Caracas
Caracas , officially Santiago de León de Caracas, is the capital and largest city of Venezuela; natives or residents are known as Caraquenians in English . It is located in the northern part of the country, following the contours of the narrow Caracas Valley on the Venezuelan coastal mountain range...
. It was founded in 1977 in San Antonio del Táchira
San Antonio del Tachira
San Antonio del Táchira is a city in the Venezuelan Andean state of Táchira. The busy highway linking the cities of Cúcuta, Colombia, and San Cristóbal, Venezuela, passes through San Antonio del Táchira, making it an important gateway between the two nations...
as Banco Tequendama branch of the Banco Tequendama Colombia.
In 2002 starts the purchase of the bank by group of Venezuelan investors, completing the acquisition in 2003, year in which changes its name to Banco Nacional de Crédito.
In 2009 BNC acquired the Stanford Bank Venezuela
Stanford Bank Venezuela
Stanford Bank Venezuela was Stanford International Bank's subsidiary in Venezuela. It was headquartered in Caracas and had many branches throughout Venezuela. The Venezuelan banking regulator estimated that Venezuelans had placed around $2.5bn in deposits with Stanford International...
, previously controlled by Stanford Financial Group
Stanford Financial Group
The Stanford Financial Group was a privately held international group of financial services companies controlled by Allen Stanford, until it was seized by United States authorities in early 2009....
, for $111m.