Venezuela

Best bank

Best bank
Banco Provincial Best debt house
CSFB

Of the three leading banks in Venezuela, two are foreign ? Santander?s Banco de Venezuela and BBVA?s Banco Provincial ? and one, Banco Mercantil, is domestically owned. All three have been struggling under the regime of president Hugo Chávez, in the context of an economy that shrank 10% in 2003. At the moment, the health of the banking industry is largely decided by the capricious president.

Banco Provincial seems to have made the very best of the hand it was dealt.

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