ɪt wʌz fˈaʊndᵻd ɪn nˈaɪntiːnhˈʌndɹɪd θˈɜːɾi θɹˈiː æz bˈæŋkoʊ nˈæʃənəl hˌɪpoʊtkˈæɹɪˌoʊ ɜːbˈɑːnoʊ wˈaɪ də ˈɑːbɹəz pˈʌblɪkəz, ˈɛs.ɐ nˈæʃənəl ˈɜːbən mˈɔːɹɡɪdʒ ænd pˈʌblɪk wˈɜːks bˈæŋk baɪ pɹˈɛzɪdənt ˌeɪbəlˈɑːɹdoʊ ˈɛl. ɹədɹˈiːɡɛz.
It was founded in 1933 as Banco Nacional Hipotecario Urbano y de Obras Públicas, S.A (National Urban Mortgage and Public Works Bank) by president Abelardo L. Rodríguez.