Banco Occidental de Descuento
 | |
| Company 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
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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