BBVA Provincial

BBVA Provincial (BVC: BPV) (formerly BBVA Banco Provincial) is a financial institution in Venezuela.

BBVA Banco Provincial S.A.
TypePublic
BVC: BPV
IndustryFinancial services
Founded1953
HeadquartersCaracas, Venezuela
Key people
Leon Henrique Cottin (Chairman)
Pedro Rodríguez Serrano (CEO)
ProductsFinance and Insurance
Revenue US$928.0 million (2008)
US$376.4 million (2008)
Total assets US$8.1 billion (2007)
Number of employees
5,775
ParentBBVA
Websitewww.provincial.com

History

Banco Provincial Building Headquarters in Caracas.

Founded on October 15, 1953, in Caracas, Venezuela, as Banco Provincial with a capital of Bs. 15,000,000. In November 1996, Banco Provincial became the first universal bank in Venezuela by expanding its business objectives to include activities of specialized banking. In 1997, Spain’s Banco Bilbao Vizcaya (now Banco Bilbao Vizcaya Argentaria) acquired the majority of shares as a strategy of expansion into Latin America.

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