Banco Nacional de BoliviaS.A.(BNB)(English: National Bank of Bolivia)is a Bolivianbankandfinancial institutionheadquartered inSucre, Bolivia.Founded in 1871, it is one of Bolivia's oldest banks.[2][3]It is also the country's second largest bank by total assets.[4]
 | |
 Mainheadquartersin La Paz. | |
| Banco Nacional de Bolivia S.A. | |
| Company type | Sociedad Anónima |
| BBV:BNB Grey Market:BNBVY | |
| Industry | Banking,Financial services |
| Founded | March 4, 1872 |
| Headquarters | Sucre, Bolivia |
Key people | Pablo Bedoya Sáenz (President) |
| Products | Consumer banking,corporate banking,credit cards,investment banking,mortgage loans. |
| Revenue |  Bs.943 million(2014)[1] |
| Bs. 336 million(2014)[1] | |
| Bs. 228 million(2014)[1] | |
| Total assets | Bs. 18.71 billion(2014)[1] |
Number of employees | 2,033(2014)[1] |
| Divisions | BNB SAFI S.A. BNB Valores S.A. |
BNB is a full-service financial institution that provides a range of financial products and services to a diversified individual and corporate customer base in all thenine departmentsof Bolivia, including savings accounts, credit cards, mortgages, commercial loans and investment management. The bank operated through 59 agencies and over 380ATM's.
The bank is part ofBNB Corporacion S.A.,a group which comprises alsoBNB Sociedad Administradora de Fondos de Inversión S.A. (SAFI)(BNB Administrative Society of Investment Funds),active in the investment and administration of funds,BNB Valores(BNB Stocks),a brokerage house,BNB Leasing,a leasing entity, andBNB Valores Perú S.A.,Peruvian brokerage company.[5][6][7]The latter makes BNB the only Bolivian-based bank with foreign operations.
History
edit19th century
edit
Banco Nacional de Bolivia was conceived on 1 September 1871 by decree as a financial institution granted to issue banknotes, as well as to offer financial services such as deposits and loans.[8]The bank was established inCobija,an important port city located in theLitoral Department,Bolivia's only territory with access to the Pacific coast. An additional head office was established in theChileancity ofValparaíso,and thus BNB had dual legal addresses at the time.
Since its founding, Banco Nacional de Bolivia provided inputs to national development at different stages of its history. The bank began providing financial assistance for the exploitation of nitrates in the Litoral region, particularlyguano,used for fertilizer and to makesaltpeterfor the manufacturegunpowder.The Bolivian Littoral was subsequently annexed by Chile after theWar of the Pacific.During the war, the bank loaned Bs. 600,000 to theGovernment of Boliviain an effort to maximize the mobilization of theBolivian Armyin the war. Following the loss of the Bolivian Litoral, the bank moved its headquarters to the city ofSucre,where it held its first board of directors meeting. In the following years, the bank expanded its network to the cities ofTarija,La Paz,Cochabamba,Oruro,PotosíandSanta Cruz de la Sierra.
20th century
editBanco Nacional de Bolivia issued its own banknotes at a rate of 150% of its capital since its founding.[9]On January 14, 1914, theCentral Bank of Boliviawas established by the government, becoming the country's onlymonetary authority.Despite acentral bankwas established, Banco Nacional de Bolivia continued to offer significant financial assistance to the government. In 1903, BNB loaned Bs. 150,000 to the state in order to finance the Bolivian campaign of theTreaty of Petrópolisand in 1932, the bank granted US$210,000 of itsforeign reservesto support the efforts of theChaco War.[10][11]In the following decade, BNB expanded its network of branches to all nine departments of Bolivia.
The political instability that continued for the rest of the century presented many challenges to the fledgling Bolivian banking system. After the 1952 Bolivian Revolution, theprivate sectorfinally overcame difficulties and challenges imposed by the central regimes and political groups in power. During this period, Banco Nacional de Bolivia, experienced considerable growth and in 1959 it granted a credit loan to the Corporación Boliviana de Desarrollo(Bolivian Development Corporation).[9]
In 1993, Banco Nacional de Bolivia created its first division: "Nacional de Valores S.A.". It is the bank's firstbrokeragedivision. Later in 2005, it was rebranded toBNB Valores S.A.(BNB Stocks).[12]
In 1997, Banco Nacional de Bolivia created its second division: "Nacional SAFI S.A.". The division providesinvestment managementservices. Later in 2000, it was rebranded toBNB Sociedad Administradora de Fondos de Inversión S.A. (SAFI)(BNB Administrative Society of Investment Funds).[13]
21st century
editBanco Nacional de Bolivia became one of Bolivia's largest banks. Currently, it is the second-largest bank in Bolivia by assets. BNB is a full-service financial institution that provides a wide range of financial products and services to a diversified individual and corporate customer base in all the nine departments of Bolivia, includingsavings accounts,credit cards,mortgages,commercial loansand investment management. The bank operates a network of 105 branches and 253 ATM's nationwide.
In 2009, Banco Nacional de Bolivia created its third division:BNB Leasing,aleasingentity offering financial services such asmortgages,machinery and construction equipment leasing and car leasing.[14]
It's also the only Bolivian bank that has a subsidiary outside of Bolivia, specifically in Perú.[15]
Operations
editPeople Banking
edit
Consumer Banking is the largest division in the company, and provides a wide range of financial services to consumers and small businesses. The consumer banking network of BNB includes over 100 branches and over 250 ATM's throughout Bolivia:
- Certificates of deposit/Term deposits:Developed and marketed asDPF Rentable,it is a CD inBolivianoswith interest rates of 4.5%, as weighted to pay for a five-year period.[16]
- Mobile Banking:BNB launched itsmobile appBanca Móvil del BNBforiOS,AndroidandHuaweioperating systems. It allows BNB customers to conduct a number of financial transactions through their mobile devices as well as to see balance inquiries and statements.[17]
- Credit cards:BNB issuesVisaandMasterCardcredit cards for purchases and online purchases.
- Credits: vehicular, housing, consumer and educational.
- Saving accounts and Debit Cards:The banks has three segments: Young Banking, Active Banking and Senior Banking. As customers, they have benefits and discounts.
- Mortgage loans
Business Banking
editBanco Nacional de Bolivia offers a wide range of corporate banking services including:
- Mype Banking: Financial consulting and financing service for working capital or capital goods for micro and small companies.
- Pyme Banking: Financing service for working capital or capital goods for medium and small companies
- Corporate: Includes Checking Account, Safety Box, DPF's, External Guarantee, Guarantee Fund, Ach Transfers, Account Advance and Payment of Services.
Grupo
edit- BNB Safi: BNB Safi is an Investment Fund Management Company, offering funds in Bolivians and dollars. Manage the resources of each Investment Fund, investing them in different alternatives, in order to generate attractive returns for the participants.
- BNB Leasing: Financial leasing is a form of leasing whereby a leasing entity such as BNB Leasing. grants the use, enjoyment and temporary benefit of a certain property to a lessee.
- BNB Valores: BNB Stock Exchange Agency specialized in stock market operations.
References
edit- ^abcde"Annual Report 2014"(in Spanish). Banco Nacional de Bolivia S.A. Archived fromthe original(PDF)on 29 July 2015.Retrieved11 August2015.
- ^"El Banco Más Antiguo de Bolivia Inauguró Oficinas en Riberalta"(WEB)(in Spanish). Radio Riberalta.Retrieved11 August2015.
- ^"Historia Bancaria de Bolivia(Banking History of Bolivia)"(WEB)(in Spanish). Ariel Abad Nina Chuqimia.Retrieved11 August2015.
- ^"Los Más Grandes, Los Mejores"(in Spanish). Revista Independiente. Archived fromthe original(WEB)on 23 July 2013.Retrieved11 August2015.
- ^"Productos y Servicios"(WEB).Banco Nacional de Bolivia.Retrieved11 August2015.
- ^"Equties - Banco Nacional de Bolivia S.A."Financial Times.Retrieved11 August2015.
- ^"SMV -- Superintendencia del Mercado de Valores -- Accionistas".
- ^"BNB: Somos part de la history de Bolivia"(in Spanish). La Prensa. Archived fromthe originalon 2016-02-16.Retrieved11 August2015.
- ^ab"Síntesis Histórica"(in Spanish). Banco Nacional de Bolivia.Retrieved11 August2015.
- ^"BNB: Historia"(in Spanish). MiraBolivia.Retrieved11 August2015.
- ^"El Banco Nacional de Bolivia crumple 140 años"(in Spanish). Hoy Bolivia.Retrieved11 August2015.
- ^"Nosotros - BNB Valores"(in Spanish). Banco Nacional de Bolivia.Retrieved11 August2015.
- ^"Nosotros - BNB SAFI"(in Spanish). Banco Nacional de Bolivia.Retrieved11 August2015.
- ^"Nosotros - BNB Leasing"(in Spanish). Banco Nacional de Bolivia.Retrieved11 August2015.
- ^"BNB Valores Perú".
- ^"Aspectos Institucionales - Productos y Servicios"(in Spanish). Banco Nacional de Bolivia. Archived fromthe originalon 29 July 2015.Retrieved12 August2015.
- ^"Memoria Annual 2013"(PDF)(in Spanish). Banco Nacional de Bolivia. Archived fromthe original(PDF)on 4 March 2016.Retrieved12 August2015.