HomeEconomyPublic offer of the Bank of Venezuela will be carried out in 5 rounds

Public offer of the Bank of Venezuela will be carried out in 5 rounds

The vice president, who informed that the value will be placed by the Stock Market, stressed that the measure will open doors to national and foreign investors, both in national currency and in currencies circulating in the country.

The first phase of the public offering of 5% of the shares of the Bank of Venezuela It will be carried out in five rounds, the executive vice president of the Republic, Delcy Rodríguez, indicated this Friday.

From the headquarters of the Bank of Venezuela, the executive vice president explained that the price of said shares will be set by the Stock Market.

"The Stock Market will be responsible for applying the price of its shares with its rules," Rodríguez said.

In this sense, he pointed out that the communal councils and communes, who will have the opportunity to be retailers, will have priorities to be able to acquire these shares; Savings Banks and Pension Funds; clients of the banking institution, as well as workers of the Bank of Venezuela.

Likewise, public employees, as well as national and foreign private investors, may have the opportunity to bid.

“This offer is going to give momentum without a doubt. A time has come, today is the day that we are making an important offer that will open the door to national and foreign investors, both in national currency and in currencies circulating in the country”, he stressed.

"Today we are taking this first step of the public offer of a first stage of 5%," he added.

In this regard, he highlighted the economic and financial activity that the Bank of Venezuela has had, achieving record numbers, even before its nationalization.

“The Bank of Venezuela is a leader in the national financial system. In the granting of credit, which has an increase of 89%. It is the leader in point of sale throughout the country (...) We are making a public offering of a state bank with the best record in the financial system. Income has doubled, surpassing the historical figure before its nationalization », he pointed out.

Rodríguez pointed out that similar actions will be taken with Cantv and some joint ventures, such as Petróleos de Venezuela (PDVSA).

"Venezuela opens a new path for the stock market and this strategic impulse will bear fruit for the Venezuelan people and for the public companies of the State," he stated.

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