Banesco Banco Universal was first founded as a brokerage house, in 1986, under the name of Escotet Casa de Bolsa.

Since then, the founders of this institution have emerged other banking business with their own, turning them into Banesco Banco Universal in 2002.

The most remarkable facts in Banesco's history are as it follows:[3] Internationalization The internactonalization process started in 1992–1993, with the founding of the bank in Panama and in Puerto Rico, each one with an international operating license.

Since then, its presence on international banking markets has increased and reached the United States (only in Florida), Panama, Dominican Republic, Colombia and Spain.

Esquina El Chorro Branch This tower is located in Avenida Universidad, downtown Caracas.

Currently, it serves as the main office for the Ministerio de Educación Universitaria, Ciencia y Tecnología (Ministry of High Education, Culture and Technology).