Top List of Banks in Venezuela

Venezuela is rich in natural resources and has a high economic development. However, the country is currently undergoing a major political and social crisis that has led to one of the most significant income inequalities in Latin America. According to Gross National Income (GNI) per capita, they are ranked the nineteenth-poorest country. With many factors influencing your choice for a bank, it can be challenging to decide which one to choose. To help you with this decision, we've compiled a list of some of the best banks in Venezuela today!

Top List of Banks in Venezuela

Banco Mercantil 

Banco Mercantil, S.A. (NYSE: BN) is the largest financial institution in Venezuela, with total assets of  US 1.14 billion and 4000 total employees. Banco Mercantil del Norte SAB's main competitors are: BBVA, Santander, HSBC Holdings PLC, BANAMEX, Scotiabank.

The company provides financial markets services comprising current accounts, savings accounts, term deposits, overdrafts, working capital lines of credit, bridge financing for asset purchases, standby letters of credit, bank guarantees (bid bonds/performance bonds), structured finance products to assist with project finance or asset-backed financing (investment grade), debt issuance program financing (bond issuance program financing) at competitive rates in local currency or foreign currencies through different instruments that provide the necessary flexibility.

Mercantil Servicios Financieros

Mercantil Servicios Financieros is one of the most prominent financial groups in Venezuela, with more than 80 years of experience and a tradition that has been passed on from generation to generation. The company has an extended network of offices all around the country with more than 4,000 employees. Its offering covers a wide range of products for individuals, small businesses, medium-sized companies, and large corporations. Total assets: VES 590.47 trillion (3/2021)

Mercantil Servicios Financieros provides services in areas such as:

  • Banking (International Banking, Treasury Services, Private Banking, Corporate Banking)

  • Insurance (Business Insurance, Property Insurance)

  • Investments (Stock Brokerage Services, Investments Funds)

Banco de Venezuela SA

Banco de Venezuela SA is based in Venezuela. Banco de Venezuela SA is a private company. Banco de Venezuela SA is listed on the New York Stock Exchange. Banco de Venezuela SA has 4050 employees and total assets of $2.1 billion.

The bank offers commercial banking services that include checking and savings accounts, time deposits, consumer finance, credit cards, trade finance, and foreign exchange trading; investment banking services that consist of project finance, acquisition finance, mergers & acquisitions advice, and capital markets products; treasury services to include securities investment management, global custody, and funds transfer.

Banco Provincial SA

Banco Provincial SA is a subsidiary of Banco Bilbao Vizcaya Argentaria SA and is based in Caracas, Venezuela. Banco Provincial SA was established in 1947. As of 2017, Banco Provincial SA operates as a subsidiary of Banesco Banco Universal. Total assets: $898.7 million Employees: 5,775

Services:  ATM network; credit cards; foreign exchange services; fund transfers; leasing; money orders; online banking; payroll deposit service; prepaid phone cards; safe deposit boxes. 

Banco Venezolano de Crédito (BNC)

The Banco Venezolano de Crédito (BNC) is a bank based in Venezuela. It was formerly a subsidiary of Santander Group until 2004, when the Venezuelan government acquired it as part of a nationalization effort to ensure that Venezuelans controlled Venezuela's financial resources.

The bank has total assets(($700 million), employees (950), and provides corporate banking, retail banking, investment banking, and asset management products and services. It operates through its subsidiaries, such as Bancorp Capital Limited, Bancorp Securities Limited, and Bancorp International Insurance Limited.

Banco Exterior CA

Banco Exterior CA  is a Venezuelan bank founded in 1977. It operates in Venezuela (Venezuela), Colombia (Colombia), Panama (Panama), Curaçao and Sint Maarten, Dominican Republic (Dominican Republic), Mexico (Mexico), and Spain (Spain). Banco Exterior is the largest private bank in Venezuela by total assets, with $1.3 billion as of December 31, 2017. The bank has a staff of over 2,000 people.

Banco Exterior CA offers customers a range of products and services, including personal, business, and corporate banking; loans; investment products; credit cards; debit cards; international trade finance; cash management services for businesses; insurance for individuals and companies; fund transfers through TeleEx; and Internet banking.

Banesco Banco Universal SA

Banesco Banco Universal SA is a financial services holding company that offers commercial banking, insurance, trust, and securities brokerage, asset management, and investment banking products and services through its branches in Venezuela. As of 2016, the total assets of Banesco Banco Universal SA were 4.05 billion U.S. dollars with 2000 employees. 

Banplus Banco Universal SA

Banplus Banco Universal SA  (Banplus) is a private commercial bank based in Venezuela. The bank offers retail banking, consumer banking, corporate finance, investment banking, and asset management services. As of December 31, 2016, Banplus had total assets of $0.4 billion. Banplus has a network of 17 branches across the country and employs 900 people.

BBVA Provincial SA

BBVA Provincial SA, a subsidiary of Banco Bilbao Vizcaya Argentaria S.A., is a bank in Venezuela. The Bank's services include asset management, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private equity, savings accounts, and wealth management.

As of 2007, the bank had $8.1 billion in total assets and 5775 total employees. 

Banco Nacional de Crédito

According to the Venezuelan banking system, Banco Nacional de Crédito has been a private bank operating since 1960. It is one of the country’s most important banks and a significant leader in the financial system, with total assets of $1.4 billion. It's also the biggest employer in the country, with more than 2,993 employees.

Banco Nacional de Crédito offers a full range of personal and business banking services, including checking and savings accounts, debit cards, home loans, and business loans. The bank has branches throughout the country and maintains numerous ATM locations.

Bancaribe CA

Bancaribe CA is a financial institution established in Caracas, Venezuela. This bank was founded in 1960 and operated as a subsidiary of Bancaribe, C.A.Bancaribe CA provides its services to individuals, small and medium enterprises, large companies, and institutions. The bank offers personal and business banking services, including checking and savings accounts, debit cards, credit cards, auto loans, home equity loans, home mortgages, insurance products, retirement plans, and investment options.

Bancaribe CA has about $2.8 billion and over 1,500 employees. It operates more than 400 branches across Venezuela, with its headquarters in Caracas.

Citibank Venezuela SA

Citibank Venezuela SA has total assets of US$3.8 billion, with the bank has 155 branches throughout the country and approximately 2,200 employees. The company offers personal banking, corporate banking, and capital markets products and services. Its unique banking products include checking accounts, time deposits, online banking, credit cards, consumer loans, mortgages, foreign exchange and remittances, brokerage services, insurance policies to help protect individuals from unforeseen events such as death or disability; and securities brokerage services.


Q. What is the biggest bank in Venezuela?

A. The biggest bank in Venezuela is Banco de Venezuela, part of Grupo Santander.