Banco Occidental de Descuento (BOD) (WDB) was a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009.
Country
Venezuela
Headquarters
Maracaibo
Inception
January 8, 1957
Website
http://www.bncenlinea.com/
Overview
Banco Occidental de Descuento (BOD) (English: Western Discount Bank) (WDB) was a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009.
The owner of BOD is the Grupo Financiero BOD (English: BOD Financial Group), which is owned by Venezuelan businessman Victor Vargas.
History
The Banco Occidental de Descuento, S.A.C.A. (Sociedad Anónima de Capital Autorizado) (English: Authorized Capital Stock Company) was born in October 1956 with a view to supporting the activity of the commercial, oil industry and agricultural sector in the center-west of the country.
The signing of the constitutive act was carried out on January 8, 1957, to begin its commercial operations on July 26, 1957 with an office located on Calle Comercio in the center of Maracaibo, and a capital of 20 million bolívares distributed in 40 thousand registered shares.10
