The fake site is used in romance scams. Fake profiles impersonating wealthy business people or American Generals, are showing their victims their bank account on the fake bank as a proof they will repay the money they are asking their victims to send. The bank is fake, the accounts are fake as well - the only real thing is the money the victims will lose while believing the scammers lies.
From the fake site:
BANCO DE VALENCIA has offered Private Banking since 2007, and has a booking and advice centre in San Francisco and New York.
We've operated for over 150 years in some of the world's fastest-growing markets. We aim to lead the way in Asia, Africa and the Middle East.
Address: 51 Calle de Pedro Antonio de Alarcón Madrid, Community of Madrid
In other words, San Francisco and New York are in Madrid, Spain. "Since 2007" means "for over 150 years".
When it's about "since 2007", the fake site details show something else - https://db.aa419.org/fakebanksview.php?key=130379:
Domain Name: BANCODEVALENCIA.ONLINE
Updated Date: 2018-02-02
Creation Date: 2017-12-09
Registry Expiry Date: 2018-12-09
Registry Registrant ID: C166643058-CNIC
Registrant Name: WhoisGuard Protected
Registrant Organization: WhoisGuard, Inc.
This is what the fake site looks like: