Venezuela's Ministry of Economy and Finance published an update marking the 85th anniversary of the Superintendency of the Institutions of the Banking Sector (Sudeban), reaffirming its role in regulating and supervising the Venezuelan banking sector with an emphasis on maintaining stability and supporting growth. The note highlights Sudeban’s recent focus on expanding and diversifying payment channels, citing P2P, P2C, C2P and Biopago, alongside the integration of financial technology (fintech) services. It also links the supervisor’s 2025 work programme to the government’s “13 Productive Engines” initiative, stating that Sudeban will work with other bodies to advance the “Banking and Capital Markets” engine by deepening efforts on bank capitalisation, broadening access to credit aimed at productive sectors, technological innovation and continuous improvement of banking services.
Ministry of Economy & Finance (Venezuela)2025-01-31
Venezuela's Ministry of Economy and Finance highlights Sudeban’s 2025 focus on bank capitalisation credit expansion and alternative payments as it marks the supervisor’s 85th anniversary
Venezuela's Ministry of Economy and Finance marked the 85th anniversary of the Superintendency of the Institutions of the Banking Sector (Sudeban), emphasizing its role in banking stability and growth. Sudeban is expanding payment channels and integrating fintech services, aligning its 2025 programme with the government's "13 Productive Engines" initiative to enhance bank capitalisation, credit access, and technological innovation.