HQ Function

Historically, the headquarters served as the central hub for all administrative, strategic, financial, and operational decisions of the bank. It housed key departments including executive management, corporate banking, risk management, and technology. Post-intervention, its function shifted to facilitating the intervention and liquidation process under ASFI's guidance.

Notable Features:

The 'Torre Fassil' was a modern, prominent multi-story office tower, symbolizing the bank's previous significant presence in the Bolivian financial landscape. It was one of the recognizable buildings in the city's business district.

Work Culture:

Prior to its intervention, Banco Fassil likely aimed to foster a competitive and customer-focused work environment typical of large financial institutions. The culture would have emphasized growth, market share, and financial performance. Post-intervention, the atmosphere would have shifted dramatically to crisis management, regulatory compliance, and employee uncertainty under ASFI's supervision.

HQ Significance:

The headquarters was highly significant as the nerve center of what was one of Bolivia's largest banks. It directed a nationwide network of branches, managed substantial financial assets, and played a key role in the national economy before its collapse and intervention.

Values Reflected in HQ: Prior to its financial troubles, the headquarters' modern architecture and prominent location likely aimed to reflect values such as financial strength, modernity, progress, and customer trust – common aspirations for major banking institutions.

Location:

Banco Fassil S.A. operated exclusively within Bolivia. It had established an extensive national presence with a wide network of branches, ATMs, and service points across all nine departments of the country. While it did not have physical international branches, it engaged in standard international banking transactions such as correspondent banking and trade finance to support its Bolivian clients' global business activities. Its focus was entirely on the domestic Bolivian market.

Street Address:

Torre Fassil, Avenida San Martín esquina Calle J, Equipetrol Norte

City:

Santa Cruz de la Sierra

State/Province:

Andrés Ibáñez Province (Santa Cruz Department)

Country:

Bolivia