Article: BIV has poor performance, heavy fiscal losses.

Venezuela, Jun 10, 2003 (El Nacional/SABI via COMTEX)

The state owned BIV (Banco Industrial de Venezuela) ended 2002 with losses of Bs$27,8bil, but an auditing from Alcaraz Cabrera & Vazquez auditors showed that in December 2002 BIV had fiscal losses of Bs$370,18bil, of which Bs$163,6bil passed to 2003, Bs$68,12bil until 2004, and Bs$138,4bil until 2005. Fiscal losses in 2003 were Bs$162.2bil, while Bs$207.9bil were added from ...

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