Banco Unión

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Banco Unión S.A. is a Bolivian state-owned bank based in La Paz. It was founded on November 5, 1981 and acts as a public financial intermediary for the government and the public, handling many deposits from public entities. It is one of Bolivia’s main state financial tools, alongside the Central Bank.

Quick facts
- Headquarters: La Paz
- Founded: November 5, 1981
- Ownership: Government-owned (97% through the National Treasury)
- Services: Consumer and corporate banking, credit cards, insurance, investment banking, mortgage loans, risk management
- Assets: About Bs 52.52 billion (2023)
- Employees: About 4,489 (2023)
- Branches/ATMs: 255 branches and 475 ATMs (2022)
- Key people: Chairman Ronald Omar Pinto Ribera; Vice President Ariel Rodrigo Barja Chamas

Divisions and subsidiaries include UNIÓN S.A., UNIVIDA S.A., and Unibienes Seguros y Reaseguros Patrimoniales S.A.

History in brief
- July 28, 1979: The government created Banco de la Unión S.A.
- November 5, 1981: Began operations; first offices opened in La Paz and later Santa Cruz de la Sierra
- 1996: The name changed to Banco Unión S.A. with approval from ASFI
- 2004–2006: Reorganization to support growth
- 2009: Legal headquarters moved from Santa Cruz de la Sierra to La Paz

Banco Unión serves both public administration and the general public, and it manages a large share of public deposits in Bolivia.