FDIC and OFR grant regulatory approval to Banesco USA for the acquisition of Brickell Bank. More information on our news section. Banesco recibe aprobación para adquirir Brickell Bank. Mas información en Noticias

FITCH: Banesco USA’s Outlook Remains Stable

MIAMI – May 14, 2018 – Fitch Ratings has affirmed Banesco USA’s long-term rating with Stable Outlook despite Venezuelan government’s 90-day intervention to Banesco Banco Universal.

“Fitch views Banesco USA structure as an independent entity with no direct linkage to the Venezuelan bank as a rating positive and that more tangible risks to the bank’s capital and equity are mitigated by ring fencing by banking regulators in the U.S”.

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