About Fogade
Fogade, or the Fondo de Garantía de Depósitos y Protección Bancaria, is a Venezuelan financial institution responsible for protecting depositors and ensuring the stability of the banking system in Venezuela. Established to safeguard the interests of depositors, Fogade provides guarantees for deposits in financial institutions, thereby promoting trust and confidence in the banking sector. The organization plays a crucial role in the financial landscape of Venezuela, especially during times of economic uncertainty. Fogade's operations include managing funds to cover potential losses for depositors, conducting assessments of financial institutions, and collaborating with regulatory bodies to enhance the overall stability of the financial system. Through its initiatives, Fogade aims to foster a secure banking environment for individuals and businesses alike.
Company facts
- Industry
- Financial Services
- Sub-industries
- Deposit Insurance, Banking Regulation, Financial Stability, Risk Management, Consumer Protection
- Location
- Caracas, Venezuela
- Employees
- 11–50
- Revenue (USD)
- 1–5M
- Founded
- 2001
Products and services
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