Banco Unión

Profile narrative

Banco Unión is a Bolivian bank that provides retail banking services such as savings and checking accounts, consumer loans, mortgages, and credit cards to individuals. It also offers corporate banking solutions including business loans, trade finance, and treasury services to small, medium, and large enterprises. The bank serves customers across Bolivia through its branch network and digital channels. Its product suite aims to meet the everyday financial needs of individuals and support the operational financing requirements of businesses. By maintaining both physical and online touchpoints, Banco Unión seeks to deliver accessible financial services throughout the country. The institution operates under the regulatory framework of Bolivia's banking supervisory authorities.

Banco Unión is described as a major Bolivian financial institution with a prominent role in the country's financial system. The bank maintains an official verified presence on the social media platform X (formerly Twitter), which underscores its recognized public profile. In February 2025, the verified X account of Banco Unión was compromised in a cyberattack where threat actors hijacked the profile to impersonate President Luis Arce and promote a fraudulent cryptocurrency. The attackers altered the account's display name and used the president's official image to lend credibility to a scheme promoting a fictitious "$Bolivia" digital asset. The incident highlighted the potential risks associated with the exploitation of trusted institutional accounts for disinformation and financial scams. As of the time of reporting, neither the bank nor state authorities had issued an official public statement addressing the breach or the associated cryptocurrency scam. These events illustrate the intersection of cybersecurity threats and the reputational assets of established financial entities in Bolivia.

Incidents

1 incident linked to this organisation.