BBVA, the only major foreign bank with significant presence in Venezuela, is well positioned to seize new business opportunities following the intervention of the United States in the country with the world's largest oil reserves, according to its chairman.

Venezuela is currently under an interim government after the United States captured President Nicolás Maduro earlier this month. This creates potential opportunities for international banks, although analysts emphasized that there would still be significant challenges to doing business.

"Looking ahead, if greater stability is achieved, we are very well positioned to take advantage of the opportunities that arise, being the only privately owned foreign bank in the country, with deep knowledge of it, the result of our long-standing presence there," Carlos Torres, chairman of BBVA, told the newspaper Expansión in an interview during the World Economic Forum in Davos.

"With stability, Venezuela is a great opportunity," Torres added in the interview published on Wednesday.

BBVA Provincial, in which BBVA holds a 55% stake, has around 1,900 employees, about 160 branches, and serves more than three million customers.

(Reporting by Jesús Aguado; editing by Charlie Devereux; Spanish edition by Paula Villalba)