Banco Unión S.A.

On July 28, 1979, through public deed No. 93 dated November 5, 1981, a new financial entity called El Banco de la Unión SA was created. A year later, that is to say in May 1982, Banco de la Unión SA opened its first office in the city of La Paz and later in Santa Cruz in October of the same year. In November 2003, it entered the Bolivian National Financial Company SAM (NAFIBO SAM) with a shareholding of 83.2% through the capitalization of $us 14 million of the subordinated debt (PROFOP), with the remaining 16.8% in hands of private Bolivians.
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