Banco Nacional de Crédito to acquire Citigroup's Venezuelan operations.

Banco Nacional de Crédito, a Venezuelan commercial bank, agreed to acquire the Venezuelan operations of Citigroup. Financial terms were not disclosed. “BNC is committed to supporting Citi’s clients in Venezuela who will continue receiving high-quality financial services while benefiting from the advantages of an expanding local bank with a skilled professional team and a modern technological platform,” Jorge Nogueroles, BNC President and CEO.