Banco Provincial, S.A.
BBVCA:BPV9,280.00
VES
-520.00
(-5.31%)
Banco Provincial, S.A.
BVCA:BPV
(Caracas Stock Exchange)
Recent
price
9,280.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Banco Provincial, S.A. Banco Universal, operating as BBVA Provincial, is a Venezuela-based financial institution that provides comprehensive commercial, retail, corporate, and investment banking products and services. Founded in 1953 and headquartered in Caracas, Venezuela, the bank operates as a majority-owned subsidiary of Spain-based financial group Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). Banco Provincial delivers financial solutions to individual consumers, small and medium-sized enterprises (SMEs), large corporate clients, and public sector institutions across Venezuela. The company offers a wide array of core products and services, including retail banking solutions, comprising domestic bolivar and foreign currency checking accounts, interest-bearing savings accounts, certificates of deposit, personal loans, automobile financing, residential mortgages, and Visa and Mastercard credit, debit, and prepaid cards; commercial and corporate banking services, comprising working capital lines of credit, term loans, commercial paper issuance support, specialized agricultural and manufacturing loans, trade finance, documentary letters of credit, bank guarantees, and syndicated facilities; cash and treasury management solutions, comprising automated corporate payroll processing, electronic supplier payments, tax collection services, trust administration (fideicomisos), custody services, and foreign exchange intermediation; and transactional digital channels, comprising point-of-sale (POS) terminal networks, automated teller machines (ATMs), the Provinet web and mobile banking platform, Provinet Empresas, and instant mobile payment services (Pago Móvil). In recent developments, Banco Provincial has advanced its digital transformation strategy by deploying upgraded versions of its Provinet mobile banking application, featuring biometric identity verification, streamlined digital onboarding, and integrated QR-code contactless payment processing. The bank has expanded its foreign currency financial architecture, introducing multi-currency international debit cards and digital foreign exchange desk operations to facilitate transactions under regulatory frameworks established by the Central Bank of Venezuela (BCV). Additionally, Banco Provincial has strengthened its targeted commercial financing programs, expanding specialized credit portfolios for agribusiness, industrial manufacturing, and microenterprise initiatives, while incorporating BBVA group-wide environmental, social, and governance (ESG) risk management frameworks into its domestic lending and operational operations.