Banco Industrial de Venezuela

The BIV was established in 1937 with 60% state and 40% private capital investment.

The state gradually gained full control, and in the 1960s and 1970s, the bank was an instrument in the government's import substitution policy of industrialization.

[1] In May 2009, the former president of the BIV, Luis Rafael Quiro, was arrested for corruption.

At the time, the bank was the largest state-run financial institution in Venezuela.

[2] On February 11, 2016, the bank's assets were transferred to Banco del Tesoro.