Venezuela - Best Bank: BBVA Provincial
Venezuelas BBVA Provincial has remained resilient in
what has been a tough environment for banks, showing that it
can still post some of the most solid results in the country.
This comes amid threats of nationalization after the
administration of President Hugo Chávez accused the
bank of failing to allocate funds to government-sponsored
housing projects. Venezuelan banks continue to face internal
challenges, which include a complex set of controls and
regulations limiting operations, lower economic activity, high
inflation and state intervention in most economic...
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