Global Trade Alert
Global Trade Alert

Venezuela: Nationalisation of Banco de Venezuela owned by the Spanish Bank Santander

Announcement

22 May 2009

In May 2009, the government of Venezuela announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

22 May 2009

Revocation date:

No revocation date

Announced: 22 May 2009
FDI: Treatment and operations, nes In force
On May 22, 2009, the Venezuelan government nationalised Banco de Venezuela. It bought it for USD 1.050 billion from the Spanish Bank Santander. Banco de Venezuela had been nationalised in 1994. Two ye...
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Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70935

interventions

194

jurisdictions