[1] As of 2018[update] it had 100 branches located throughout the country, more than 1,200,000 customers, about 17,000 POS terminals, and more than 1,500 employees.

Banco del Caribe (as it was formerly known) was founded on February 12, 1954[2] with headquarters in Puerto Cabello working as a credit institution, starting the operations on November 3.

In 1958: Caracas and Acarigua, Villa de Cura, La Victoria, Güigue and Cagua.

Bancaribe made a strategic partnership with Scotiabank, a Canadian bank with extensive experience in international finances, as well as a correspondent agreement and commercial exchange with "Caixa de Galicia".

Banco de Desarrollo Bangente is also a part of Grupo Bancaribe since 1998, when it was founded.