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Best Bank: BBVA Banco Provincial |
President Hugo Chávez has continued to push his socialist reform policies. Chávez focused on the banking system and completed his plan to nationalize Santander’s Venezuelan unit in March. However, this move came as a blessing for Santander, which wanted to sell its Banco de Venezuela. Political unrest, rising inflation, and Chávez’s political whims have not scared off BBVA, however.
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