Founded on October 15, 1953, in Caracas, Venezuela, as Banco Provincial with a capital of Bs.

In 1997, Spain’s Banco Bilbao Vizcaya (now Banco Bilbao Vizcaya Argentaria) acquired the majority of shares as a strategy of expansion into Latin America.

BBVA's entry in Venezuela coincided with Hugo Chávez' presidential election.

[1] While Banco Santander shut its Venezuelan operations in 2009,[1] BBVA chose to maintain theirs despite the economic crisis.

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