Florida Bank Reports Growth in Net Income, Total Assets and Total
Gross Loans
MIAMI–(BUSINESS WIRE)–Banesco USA, recently named ‘Business of the Year’ by the South
Florida Business Journal announced today strong results for its
First Quarter Earnings with outstanding figures of $3.1 million and a
ROE of 10.73%; an increase of 72% compared to first quarter results from
2018. Additionally, for the last 12 months, total assets grew 23% with
loans growing $134 million or 16% and deposits growing $224 million or
23%, it reported.
“These figures mark another milestone as we continue to achieve solid
results from our local market activities in Florida and Puerto Rico,”
said Banesco USA’s CEO, Jorge Salas.
Over the past year, Banesco USA has garnered momentum through a series
of fintech partnerships, aimed at establishing it as the local
frontrunner and innovative bank. Banesco USA recently partnered with
Plug and Play, one of the largest innovation platforms located in
Silicon Valley, in support of its pursuit of the digital transformation
offerings and operations. The bank is also slated to open a new business
center in Aventura Park Square in Q2 2019.
“We believe our commitment to delivering digital innovation with a
personal, human touch is taking hold in the marketplace and will
continue to be a hallmark of our brand for years to come,” added Salas.
In addition to the bank’s focus on technological innovation and growth,
Banesco USA places an emphasis on providing customers personal service
upon which they can rely.
About Banesco
Founded in 2005 and based in Coral Gables, Banesco USA is an independent
Florida state-chartered bank (https://banescousa.com/OFR-Cert-of-Good-Standing.pdf)
with $1.28 billion in assets as of December 31st, 2018. Banesco USA is
completely independent of Banesco in other countries and its deposits
are insured by the FDIC. The bank has four branches in South Florida:
Coral Gables, Doral, Hialeah and Weston; and one in San Juan, Puerto
Rico. It plans to open a branch in Aventura, FL in first quarter of
2019.Banesco USA has a 5-star rating from the Bauer Financial rating
service and a BB- Fitch Rating. Visit www.BanescoUSA.com
for information.
Contacts
Renee Alvarez
Pinta for Banesco
[email protected]
(305)
615-1111 ext.114
