Banco Occidental de Descuento
 | |
| Type | 220 |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1957[1] |
| Headquarters | Maracaibo, Venezuela |
Key people | Victor Vargas (Chairman) Jose Manuel Egui Medina (CEO) |
| Products | Financial services |
| Revenue |  US$ 1.55 Billion May (2014) |
| US$ 282.8 Million May (2014) | |
| Total assets | US$ 17.48 Billion May (2014) |
Number of employees | 6,993 |
| Website | www |
Banco Occidental de Descuento (Western Discount Bank, BOD) is a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009.[citation needed]
The owner of BOD is the BOD Financial Group (Spanish: Grupo Financiero BOD), which is owned by Venezuelan businessman Victor Vargas.
History[]
Western Discount Bank (BOD), as it is known today, came into being in 1957, in Maracaibo, Venezuela. The company has five core business areas: Private Banking, Corporate, Commercial, Oil & Gas, and Agricultural. Its Products include current and savings accounts, time deposits, checks, trusts, and commercial, agricultural, financing, auto financing, mortgage and industrial loans.
Foreign subsidiaries[]
- Allbank Panama[2]
BOD Financial Group[]
BOD Financial owns companies in three major market sectors: banking, capital markets, and insurance.
| Company | Location | Sector |
|---|---|---|
| BOD | Venezuela | Banking |
| Allbank | Panama | Banking |
| BOI Bank | Antigua and Barbuda | Banking |
| BONV | Curaçao | Banking |
| Bancamérica | Dominican Republic | Banking |
| BOD Valores Casa de Bolsa | Venezuela | Capital markets |
| Corp Casa de Bolsa | Venezuela | Capital markets |
| Plus Capital Markets | Panama | Capital markets |
| Plus Capital Markets | Dominican Republic | Capital markets |
| BOD Fondos Mutuales | Venezuela | Capital markets |
| Element Capital | Venezuela/Panama | Capital markets |
| La Occidental | Insurance | |
| Global Care | Insurance | |
| Salud Care y Planinsa | Venezuela | Insurance |
| National Leasing | Panama | Insurance |
References[]
- ^ (in Spanish) Banco Occidental de Descuento, El Banco: Nuestra Historia Archived 2010-07-15 at the Wayback Machine
- ^ "Allbank Corp Opens in Panama". www.centralamericadata.com. Retrieved 23 July 2015.
External links[]
Media related to Banco Occidental de Descuento at Wikimedia Commons- Official website
- Bod Holding website
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| General | |
| National libraries | |
- Banks of Venezuela
- Banks established in 1957
- Companies listed on the Caracas Stock Exchange
- Venezuelan companies established in 1957
- Companies based in Maracaibo
- Venezuelan brands
- Bank stubs