In the opinion of Pedro Pacheco, president of the Banking Association of Venezuela (ABV), the massification of credit in the country will take time.
In an interview with Unión Radio on March 7, the president of the ABV indicated: "The solution to the lack of credit in Venezuela involves stabilizing…
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Banking Association of Venezuela
Banking Association of Venezuela appoints Pedro Pacheco Rodríguez as new president
The new executive president of the Venezuelan Banking Association, ABV, is Pedro Pacheco Rodríguez, a professional with extensive experience in the national financial circle.
Pacheco will be in charge of the executive presidency for one…
ABV alerts regarding illiquidity in banks and requests the BCV to review the legal reserve
The Venezuelan Banking Association (ABV) alerted the Central Bank of Venezuela (BCV) about the difficult liquidity situation facing the banking system and requested the revision of the legal reserve rate of 93% and other measures that…
Interbank transfers could paralyze in Venezuela
In a letter addressed to the president of the Central Bank of Venezuela (CBV) Calixto Ortega, bankers explained that the legal reserve of 100% the marginal and 57% the ordinary -which has been in effect since February 11- drastically and…