Banco Occidental de Descuento (Western Discount Bank, BOD) is a Venezuela

Venezuela

Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...

n bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009. Based in Maracaibo

Maracaibo

Maracaibo is a city and municipality located in northwestern Venezuela off the western coast of the Lake Maracaibo. It is the second-largest city in the country after the national capital Caracas and the capital of Zulia state...

, Zulia

Zulia

Zulia State is one of the 23 states of Venezuela. The state capital is Maracaibo. In June 30, 2010, it had an estimated population of 3,821,068, giving it the largest population among Venezuela's states. It is located in the northwestern part of the country...

, BOD "has a privileged market position in Venezuela's leading oil-producing region, Zulia."

BOD is controlled by Cartera de Inversiones de Venezuela (CIV), which, in turn, is controlled by the bank's president, Victor Vargas.