BANKING STRUCTURE IN VENEZUELA

BANKING : the system of financial institutions and BANK is an element of the financial system.
LEGAL FRAMEWORK :The financial system is legislated by the Law on Banks and Other Financial Institutions ; in December 2010 the said Act underwent some changes and modifications in several of his articles which we can name the following :• I raise is 10000 B 30000 B grant funds from a depositor by FOGADE .• Banks are secreted by their expertise and products to offer to customers.TYPES OF BANKS IN VENEZUELA :• Public• PrivateCLASSIFICATION OF BANKS IN VENEZUELA :• Universal Bank• Commercial Bank• Savings and Loan Bank• Agricultural Bank• Bank Special Laws• Development Bank• Investment BankBANKS OF SECOND FLOOR:Support Dan financial projects , do not have any products Banking .
REGULATORY BODIES OF THE FINANCIAL SYSTEM :• Ministry of Finance• Central Bank of Venezuela• FOGADE• SUDEBAN• Banking Council• BANAVI• SENIAT• among others.