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Venezuelan Bank to Buy Some Banco Latino...

From Times Staff and Wire Reports

Venezuelan Bank to Buy Some Banco Latino Assets: Banco Provincial, Venezuela’s largest bank, agreed to acquire some of the assets of Banco Latino, whose failure in January set off a national banking crisis. Banco Provincial said it has acquired Banco Latino NV, the offshore unit of Banco Latino in Curacao. (Banco Latino is based in the Netherlands Antilles.) Some of the assets of Banco Latino NV were placed in bankruptcy by a Curacao court on Jan. 19, three days after the Venezuelan government seized its Caracas-based parent.


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