Dec. 16 (Bloomberg) -- Venezuela’s Banking Superintendency approved the merger of Banco Caroni C.A. and Banco Guayana, according to a resolution published in today’s Official Gazette.

Banco Caroni’s assets now represent 1.7 percent of the total in Venezuela’s banking system, making it the country’s 10th largest bank, according to data on the Superintendency’s website.

--Editor: Richard Jarvie

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To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net