Banco Nacional de Cuba

Head Office

Aguiar 456 e/ Amargura y Lamparilla, Municipio Habana Vieja, La Habana

Telf: (537) 62-8896 (537) 66-9512

Fax: (537) 66-9390

Was created by Law No. 13, of December 23, 1948, as the central state bank, with organic autonomy, independent legal status and assets of its own.

Due to the process of reorganisation of the Cuban banking system, Decree Law No. 181 was promulgated on February 23, 1998, which includes the structure, functions and activities assigned to Banco Nacional de Cuba as an international banking organisation.

Among its functions are the following:

It must be standed out that Decree-Law No. 181 establishes that all contingent guarantees and obligations of Banco Nacional de Cuba at the time of the promulgation of Decree-Law No. 172, of 1997 on Banco Central de Cuba and those that it may issue and contract in the future are valid obligations binding on Banco Nacional de Cuba, retaining their full legal effect, and that the segregation of the central banking functions will not affect, in any way, their backing nor the powers which Banco Nacional de Cuba holds for the fulfilment of its obligations under Decree-Law No. 181.

Banco Nacional de Cuba has been developing an active work which has made itself evident in the negotiations and the signing of agreements attached to the debt rescheduling where in most cases, new credits have been obtained from banks and foreign institutions with important achievements in their financial conditions, as well as new financing sources.

Financings were granted in freely convertible currency to national entities. Moreover, the activity of this bank in the re-opening of the export credit insurance capacities with important Credit Insurance Companies has been very significative. This has made possible the increase of foreign financing and, consequently, has given greater possibilities to access the market.

The personalised training of the executives and specialists in different subjects of the new banking technology is very important within the Bank’s activity, thus representing a significative achievement.