On December 30th 2011, BBVA, in conjunction with its Venezuelan subsidiary BBVA Provincial, and the Ministry of Popular Power for Planning and Finance of the Venezuelan Bolivarian Republic, concluded the first phase of financing for the purchase of machinery for the Venezuelan national steel company Empresa de Producción Social Siderúrgica Naciona.

The equipment will be manufactured by Germany’s SMS Siemag. Construtura Andrade.

(Sourced from www.tradefinancemagazine.com)