BBVA Provincial

{{short description|Venezuelan bank}} {{Expand Spanish|date=October 2019}} {{Infobox company | name = BBVA Banco Provincial S.A. | logo = BBVA Provincial logo 2025.svg | image = Torre Provincial 1.jpg | image_caption = Banco Provincial Building Headquarters in Caracas. | type = Public | traded_as = BVC: [http://www.bolsadecaracas.com/eng/productos/dinamica/operaciones-light.jsp?symbol=BPV BPV] | foundation = 1953 | location = Caracas, Venezuela | key_people = Leon Henrique Cottin (Chairman) <br> Pedro Rodríguez Serrano (CEO) | industry = Financial services | products = Finance and Insurance | parent = BBVA | num_employees = 1,907<ref name="ir">{{Cite web |last=BBVA |date=2026-01-15 |title=Información Financiera {{!}} BBVA Provincial |url=https://www.provincial.com/personas/informacion-corporativa/informacion-financiera.html |archive-url=http://web.archive.org/web/20260120023903/https://www.provincial.com/personas/informacion-corporativa/informacion-financiera.html |archive-date=2026-01-20 |access-date=2026-03-30 |website=www.provincial.com |language=es-VE}}</ref> | num_employees_year = 2025 | homepage = [http://www.provincial.com/ www.provincial.com] | revenue = {{Nowrap|{{Increase}} Bs. 58.42 billion}}<ref name="ir"/> | revenue_year = 2025 | net_income ={{nowrap|{{Increase}} Bs. 37.65 billion}}<ref name="ir"/> | net_income_year = 2025 | assets = {{nowrap|{{Increase}} Bs. 303.65 billion}}<ref name="ir"/> | assets_year = 2025 | equity = {{Nowrap|{{Increase}} Bs. 122.55 billion}}<ref name="ir"/> | equity_year = 2025 | foot_notes = }} '''BBVA Provincial''', formerly '''BBVA Banco Provincial''', is a financial institution in Venezuela.

==History== 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. BBVA's entry in Venezuela coincided with Hugo Chávez's presidential election.<ref name=":0">{{Cite web |last=lainformacion.com |date=2019-05-01 |title=BBVA y Venezuela: de ganar 300 millones a perder dinero durante la etapa Maduro |url=https://www.lainformacion.com/empresas/bbva-venezuela-millones-perder-dinero-maduro/6498926/ |access-date=2023-03-07 |website=La Información |language=es}}</ref>

Once Nicolás Maduro came to power in Venezuela, the bank's benefits dropped from {{Euro}}369 million in 2013 to −{{Euro}}13 million in 2017.<ref name=":0" /> While Banco Santander exited Venezuela in 2009,<ref name=":0" /> BBVA chose to maintain theirs despite the economic crisis.<ref>{{Cite news |date=2018-04-24 |title=Venezuelan banks shrivel as inflation roars and credit dries up |language=en |work=Reuters |url=https://www.reuters.com/article/us-venezuela-banks-idUSKBN1HV1GO |access-date=2023-03-07}}</ref>

== Presidents ==

* Ramón Ricardo Ball (1953–1958) * Captain (Ret.) Remigio Elías Pérez (1958–1993) * José María Nogueroles (1993–1997) * León Henrique Cottin (2005–present)

Since 1997, following the integration of Banco Provincial into BBVA, the following have served as Executive President: * Juan Carlos Zorrilla (1997–2001) * José Carlos Pla (2001–2005) * José Antonio Colomer (2005–2007) * Pedro Rodríguez Serrano (2008–2018) * José Agustín Antón (2018–2023) * Fernando Alonso (2023–present), as Country Manager<ref>{{Cite web|url=https://theobjective.com/economia/2023-11-15/bbva-maximo-responsable-venezuela/|title=BBVA cambia a su máximo responsable en Venezuela y coloca a su jefe para Europa|last=Tadeo|first=Fernando|date=2023-11-15|website=The Objective|language=es|access-date=2023-11-20}}</ref>

== References == <references />

==External links== *[http://www.provincial.com/ Official site (Spanish)] *[http://www.bbva.com BBVA official site (Spanish)] {{Portal|Banks}}

Category:Banks of Venezuela Category:Banco Bilbao Vizcaya Argentaria Category:Banks established in 1953 Category:Companies listed on the Caracas Stock Exchange Category:Companies in the Índice Bursátil de Capitalización Category:Venezuelan companies established in 1953 Category:Venezuelan brands Category:financial services companies based in Caracas Category:Venezuelan subsidiaries of foreign companies