Banco Occidental de Descuento

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.

Banco Occidental de Descuento
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IndustryFinance and Insurance
Founded1957[1]
HeadquartersMaracaibo, Venezuela
Key people
Victor Vargas (Chairman) Jose Manuel Egui Medina (CEO)
ProductsFinancial 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
Websitewww.bod.com.ve

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
  • Allbank Panama[2]

BOD Financial Group

BOD Financial owns companies in three major market sectors: banking, capital markets, and insurance.

BOD Financial-Owned Companies
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
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References
  1. (in Spanish) Banco Occidental de Descuento, El Banco: Nuestra Historia Archived 2010-07-15 at the Wayback Machine
  2. "Allbank Corp Opens in Panama". www.centralamericadata.com. Retrieved 23 July 2015.


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