Banco Occidental de Descuento


Banco Occidental de Descuento is a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009.
The owner of BOD is the BOD Financial Group, which is owned by Venezuelan businessman Victor Vargas.

History

Western Discount Bank, as it is known today, came into being in 1957, in Maracaibo, Venezuela. The company has five core business areas: Private Banking, Corporate, Commercial, Oil & Gas, and Agricultural. Its Products include current and savings accounts, time deposits, checks, trusts, and commercial, agricultural, financing, auto financing, mortgage and industrial loans.

Foreign subsidiaries

BOD Financial owns companies in three major market sectors: banking, capital markets, and insurance.
CompanyLocationSector
BODVenezuelaBanking
AllbankPanamaBanking
BOI BankAntigua and BarbudaBanking
BONVCuraçaoBanking
BancaméricaDominican RepublicBanking
BOD Valores Casa de BolsaVenezuelaCapital markets
Corp Casa de BolsaVenezuelaCapital markets
Plus Capital MarketsPanamaCapital markets
Plus Capital MarketsDominican RepublicCapital markets
BOD Fondos MutualesVenezuelaCapital markets
Element CapitalVenezuela/PanamaCapital markets
La OccidentalInsurance
Global CareInsurance
Salud Care y PlaninsaVenezuelaInsurance
National LeasingPanamaInsurance