Banco Occidental de Descuento

Founded in 1957 in Maracaibo, Venezuela, Banco Occidental de Descuento grew to become one of the country's largest private financial institutions, offering a wide range of universal banking services to individuals and corporations. For decades, it played a significant role in the Venezuelan financial system. However, facing severe financial instability and liquidity problems, the bank was placed under an administrative intervention regime by Venezuela's Superintendent of the Institutions of the Banking Sector (SUDEBAN) in September 2021. The process concluded in June 2022 with the complete transfer of BOD's assets and liabilities to another Venezuelan bank, Banco Nacional de Crédito (BNC), effectively ending BOD's existence as an independent entity.