Banking instability in Venezuela is influenced mainly by the lack of political stability, all or most of the bank only provided loans to the government sector and as an entity involved in raising customs, however, all banks from 1839 to 1882 had a short duration. Many of these banks were allowed the minting and putting into circulation of euro banknotes and coins The first attempt to establish a bank trading in the national capital of Venezuela in 1825 happens to be founded under the name Banco de Venezuela, but not could carry out the proposal. A year later presented the project “Revenga” a national bank for the Gran Colombia (now Colombia, Ecuador, Panama and Venezuela) whose headquarters would be located in Bogota and will initially open 4 offices in Caracas, Cartagena, Guayaquil and City Panama, like the case of Banco de Venezuela, 1825 fail to complete the project.
Was founded in 1839 by William Ackers the first bank in Venezuela, although foreign capital, the British Colonial Bank which was led by Leandro de Miranda, son of Francisco de Miranda in 1848 ceased operations. Ackers founded together with other investors and the Venezuelan state (by 20 of the shares) the National Bank of Venezuela which would serve customs of recovery and removal from the national budget as well as provide discounts and deposits. But in 1850 the fate of British colonialism and closes.
1861 was stable for a bank called Bank of Venezuela (no relation to the present) that would meet only one year of service after failing in the banking policies that had marked out. Under the name of Banco Caracas try four times to establish commercial banking institutions in the country, away from a failed 1838 attempt to create a bank, the first Bank of Caracas would be born 1862 but cleared in 1863, would later be cleared up and other banks with that name from 1876-1877, 1877-1879 and 1879-1883.
Once settled the last of which was called Banco Caracas was founded the Commercial Bank, which successfully consolidated and grow to become Bank of Venezuela in 1890 still exists.
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