CORAL GABLES, FL, Oct 17, 2017 – Banesco USA announced today it has received the highest rating available – 5 stars – from Bauer Financial Inc., a nationally recognized financial rating agency. Last month, the bank received another rating recognition when FitchRatings upgraded the bank’s rating to BB- from B+.
“We are gratified that Bauer’s rating reflects the improved financial performance of Banesco USA,” said Jorge Salas, Banesco USA’s president and CEO. “"The ratings given by these two important organizations manifest the commitment that everyone at Banesco USA has with the increasing number of satisfied clients”.
That commitment has led to the bank developing revamped lending and cash management products to small and medium business customers, an expanded Digital Banking platform that offers domestic customers the convenience of opening additional accounts online, and a top-to-bottom focus on customer service.
Banesco USA, which was established in 2006, has announced plans to open two new branches in Hialeah and Aventura in the coming months. As of June 30, 2017, the bank assets were $1.03 billion, including a diversified portfolio of loans, real estate construction and development, and commercial and industrial loans to local businesses.