Industry | Finance and Insurance |
---|---|
Founded | 1950 |
Defunct | 1994 |
Headquarters | Caracas, Venezuela |
Products | Financial services |
Banco Latino was a Venezuelan bank based in Caracas, and at the time of its 1994 failure was the country's second largest.[1] It had a good relationship with the government, such that ministries moved their accounts to the bank, and the army and the state-owned oil company PDVSA entrusted their pension funds to Latino trust managers.[1] Latino built a new high-rise headquarters, and expanded aggressively, both within Venezuela and overseas.[1]