Banco de Venezuela sets aside $10,7 billion in loans to aid country's economy

During Venezuela’s recent National Council for Productive Economy session in Caracas, Banco de Venezuela (BDV) allotted loans to business owners worth $10.7 billion to strengthen the nation’s economy and business climate.

Ramon Lobo, Venezuela’s economy vice president, chaired the session accompanied by Minister of Food Rodolfo Marco Torres and Pedro Infante, who is president of IND (National Institute of Sports), at the White Palace in the Capital District of Caracas, a BDV release said.

As officials presided over a ceremony reflecting the financial institution’s involvement in stimulating the national economy, BDV renewed its commitment to the Bolivarian Economic Agenda, supported by President Nicolas Maduro.

Ramon Bravo, BDV executive vice president for commercial and corporate banking, said BDV's robust managed portfolios play a key role in supporting the national economy. By offering financing options to the country's business stakeholders, BDV strives to fulfill the objective of the economic agenda.

Created by Maduro in January 2016, the National Council of Productive Economy includes 45 lawmakers, businesspersons, engineers and academics representing numerous industries.

Organizations in this story

Banco De Venezuela, Saca Av. University of Traposos Society, Tower Bank of Venezuela, Caracas ,

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