CARACAS (Reuters) – Venezuela’s banking regulator will launch a temporary state intervention of private bank Occidental de Descuento (BOD), according to a document seen by Reuters on Thursday, following the closure of the bank’s offshore affiliate in Curacao.
The measure at the country’s fifth-largest bank by assets will last for 120 days and may be extended. It will allow the bank to keep operating, but dividend payments, new investments, and new board appointments will be prohibited.
Regulator - Sudeban - Decision - Light - Curacao
Regulator Sudeban said the decision came in light of Curacao authorities’ decision to implement an...
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