Awards for Excellence 2009: Venezuela

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.

Global Awards for Excellence
Latin American Regional Awards of Excellence
Bahamas Barbados Bermuda
Dominican Republic Jamaica Trinidad & Tobago
Costa Rica El Salvador Guatemala
Nicaragua Panama Argentina
Bolivia Brazil Chile
Colombia Ecuador Mexico
Paraguay Peru Uruguay
Venezuela

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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