MIAMI – 13 de agosto de 2019 – Banesco USA anunció que ha sido clasificada como la número 5 en las “100 compañías de más rápido crecimiento en Miami”. La clasificación del banco se basa en una serie de indicadores de alto crecimiento que incluyen el tamaño de la plantilla de empleados, el reconocimiento de la marca, la financiación, las adquisiciones, los planes de contratación, las nuevas ubicaciones y los eventos de activación adicionales que formulan y predicen que la compañía está creciendo a un ritmo acelerado y/o está preparado para crecer significativamente en los próximos 3-6 meses, según Growjo.
Estamos orgullosos del reconocimiento y del esfuerzo colectivo de todo nuestro equipo, que es sin duda nuestro mayor activo ”, dijo Jorge Salas, Presidente y CEO de Banesco USA.
Las clasificaciones en los informes Growjo 10000 se basan en un algoritmo de puntos por datos formulado para identificar empresas que están en una senda de crecimiento en constante desarrollo, según Tom Blue, CEO de Growjo. “Estamos entusiasmados por compartir los logros de las clasificaciones de las empresas en nuestro sitio porque representan a las empresas de mayor crecimiento y aquellas que se pronostican van a crecer en el futuro próximo”, dijo.
Como evidencia adicional del crecimiento de la compañía, el banco con sede en Coral Gables anunció recientemente que ha firmado un acuerdo para adquirir Brickell Branch. Geográficamente, esta es una entrada al corredor de Brickell que sigue siendo el epicentro de las finanzas tanto aquí como en toda la región. El banco también informó incrementos en 2018 en sus préstamos totales en un 16 por ciento, activos totales en un 19 por ciento y depósitos en un 20 por ciento, además de recibir una inyección de capital de $11 millones de sus accionistas para cerrar el año.
Whether you’ve been recently married or divorced, are expecting a new baby, or sending the kids off to college, life is full of huge changes that require a certain level of financial planning, and having a healthy budget can help ease the stress of any major life event. We’ve put together a list of tips to help you stay focused on your family’s needs while planning for the future and enjoying the present.
1. Track your spending for a month. Gather receipts and transactional information that reflect everything you’re spending money on, especially new payments like diapers, health care, college funds, etc.
2. Determine your financial goals and desires. Will you need a bigger home? A new car? A college savings fund? Life insurance? A family vacation? Take time to discuss these goals with your family. It’s helpful to set dates and specific amounts of money for each of your goals so you can plan accordingly.
3. Write your expenses down. Choose an online software, app, spreadsheet, or paper document to create your physical budget. The idea is for your income to be higher than your expenses so you can start saving for your family’s needs.
4. Make changes where necessary. Can you spend less in any areas? Can you pay off debit and redirect some of your earnings into savings?
5. Save! Secure your savings so you can rest assured that your money is there when you need it. This should be separate from your emergency savings. Consult with a Banesco USA representative to discuss the savings options we offer, and find the plan the best suits your family’s needs right now. Contact our Client Care Center toll-free at 1-888-228-1597, Monday through Friday from 9am to 5pm, or stop in to visit us at a local branch. We’re always happy to assist you and support your family’s financial future.
Do you know a single person who is not interested in saving money? No matter how much you earn or what kind of budget you have––if you have one at all––we are willing to bet that you want to save money and be financially secure. If so many people want to save, why is it so hard to know where to begin and how to actually do it?
Only 17 states in the U.S. require high school students to take a course in personal finance, and studies show that students without a financial education are more likely to suffer financial problems in the future. To help anyone who has not studied finance or learned how to save, we’ve put together a guide to help you get started. The best thing you can do now is educate yourself to help protect your financial future! It’s never too late to learn the following tips.
This is the most helpful way to start saving money. Put together a list of how much money you earn and how much money you spend. List monthly expenses like rent or mortgage, utilities, food, entertainment, travel, and subscription services. Many people use the 50/20/30 rule: divide your money from each paycheck into 50% essential needs, 20% savings and debts, and 30% wants.
How much do you want to save? What are you saving for? Take into account any future events you should plan for, such as buying a home, paying off debt, college funds, retirement savings, or taking a vacation.
How many of your ‘wants’ are things you could easily live without? Cancel any subscription services you’re not using. Adjust your spending in areas such as dining out or shopping for new clothes if you notice high amounts of spending in those areas. How can you adjust your spending to accommodate for more saving?
Keep your savings in a secure account that offers the possibility of growth. Opening a Certificate of Deposit savings account usually gives you the highest interest rate and limits your access to funds, so the money stays put and grows over time.
Let us know what you are currently doing to save. Do you have any tips you’d like to share with the Banesco community? Comment below!
Council for Economic Education 2018 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools
MIAMI–Banesco USA announced today continued strong results for the nine months ending September 30, 2018, with record breaking figures of $7.5 million in net income, and an increase of 138 percent year over year. Additionally, the bank reported an increase in total assets of 21 percent to $1.25 billion, compared to $1.03 billion on September 30, 2017. During the 12-month period, total gross loans grew by $158 million, or 20 percent, and deposits grew by $126 million, or 14 percent, it reported.
Miami attorney Patricia Hernandez is the newest member of Banesco USA’s board of directors, the bank announced Monday.
“Patricia embodies the spirit of Miami and brings talent, expertise and energy to the table. We are very fortunate to have her by our side as we work to grow Banesco USA across South Florida,” said Banesco USA president and CEO Jorge Salas.
MIAMI–On Thursday, October 25th, Banesco USA announced its new corporate social responsibility platform and a donation of $20,000 to local charity, Fundación Comunitaria de Puerto Rico, during a client appreciation cocktail at the Condado Vanderbilt Hotel in San Juan, Puerto Rico, following its Board of Directors meeting. The donation will go toward offering aid to Puerto Rico during its time of reconstruction and growth following the devastation of Hurricane Maria last year.
“La institución financiera Banesco… anunció que se propone establecer una red de sucursales a nivel local y diversificar su cartera de servicios, para incursionar en el mercado hipotecario y de autos, entre otros. Así lo confirmó Maritza Abadía, gerente nacional de Banesco USA para Puerto Rico.”
We are proud to have Aventura Hospitality LLC as a client and support them in the development of the upcoming Aventura Hilton Hotel. Did you know we’ll be opening a new branch in Aventura very soon? Big things are coming so stay tuned!
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”.
Banesco USA announced today strong results for its First Quarter Earnings of $1.8 million and an ROE of 7.81%; an increase of 129% compared to first quarter results of 2017. For the last 12 months, total assets grew 9% with loans growing $79 million or 11% and deposits growing $96 million or 11%.
The net interest margin also increased in the last 12 months from 3.53% to 3.83% and is one of the best in the South Florida market. Net interest income also increased in the past year and was 14% higher than first quarter results of 2017. Furthermore, Banesco USA is well capitalized with Tier 1 Capital Ratio of 11.40%.
“We are excited to see very positive results from our strategy to grow presence in the South Florida and Puerto Rico markets. Our bank’s continued growth and expansion in the U.S. market is a true evidence of the hard work of every member of Banesco USA, and a vote of confidence from our clients.” said Banesco USA’s President and CEO Jorge Salas.
Founded 12 years ago and based in Coral Gables, Banesco USA assets were $1.071 billion as of March 31, 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.
Banesco USA has a 5-star rating from the Bauer Financial rating service. Visit www.BanescoUSA.com for more information about Banesco USA.
Coral Gables, FL, April 25, 2018
Banesco USA has selected nCino, the worldwide leader in cloud banking, to provide new levels of efficiency and transparency across the commercial loan process.
The nCino Bank Operating System employs automated workflow technology to control and monitor the various steps in loan processing as well as electronic document management to reduce delays and inefficiencies associated with paper documents.
It provides for automatic application routing, built-in risk management tools and customer relationship management. Moreover, it also features a decisioning and scoring system and a document management system.
“Customers will benefit from a transparent process that results in faster and easier access to credit,” Banesco USA’s CEO, Jorge Salas said. “The cloud-based platform will give Banesco USA a 360-degree view of a client’s entire portfolio, not just individual loans. The nCino Bank Operating System combines customer relationship management, loan origination, account opening, workflow, enterprise content management, business process management and instant reporting, all of which will support our loan growth.”
“We’re glad that Banesco USA recognized nCino’s potential in helping achieve their digital transformation and growth goals,” said Josh Glover, nCino’s EVP-Americas. “Banks today are being challenged to offer digital services and an enhanced customer experience. We look forward to working with Banesco USA and empowering them with the right tools to surpass the expectations of today’s digitally savvy customers while removing internal inefficiencies in order to help grow their bottom line.”
On Wednesday, March 7, Coral Gables based Banesco USA celebrated the grand opening and ribbon cutting of its newest bank branch at 795 W 49th St. in Hialeah.
Business owners and local dignitaries, including Hialeah Mayor Carlos Hernandez, turned out for the event and joined Banesco USA board of directors, executive management and CEO Jorge Salas for the celebration.
“We are humbled by the warm welcome Banesco USA has received in Hialeah,” said Salas, adding that Banesco is also committed to the Hialeah community and will support initiatives that benefit its residents and local businesses.
The new branch will offer banking products and services, to support the financial needs of individuals and businesses.
“The residents and local businesses have shown us their support,” said Luis Gonzalez, Banesco USA’s Hialeah branch vice president. “At our branch, customers can always expect a friendly smile and somecafecito, as we help them navigate all of our financial solutions. Our mission is to create lasting relationships.”
The Hialeah branch is the first of several new branches Banesco USA will open in the South Florida market. A branch in Aventura is scheduled to open in the third quarter of 2018.
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.
“We are glad that Fitch recognizes the sustained improvement in the financial performance of the bank” said Jorge Salas, President and CEO of Banesco USA.
Banesco USA said it will keep expanding its branch network footprint in South Florida, with new branches opening in Hialeah later this year and in Aventura early in 2018.
The bank has revamped its Small and Medium Business value proposition including, specialized lending and cash management products, and streamlined processes. It also expanded its Digital Banking platform, offering domestic customers the convenience of opening additional accounts online.
“The whole bank, from our chairman down, has been committed to serve our increasing number of satisfied clients for over a decade”, Salas said. Banesco USA, established in 2006, operates in Miami Dade, Broward and Puerto Rico. At June 30, 2017, the bank assets were $1.02billion, including a diversified portfolio of loans; real estate construction and development, and commercial and industrial loans to local businesses.
Fitch Ratings-New York-20 December 2016: Fitch Ratings has affirmed Banesco USA’s (BNSC) Long- and Short-Term Issuer Default Ratings (IDRs) at ‘B+’/’B’. The Rating Outlook has been revised to Positive from Stable. A full list of rating actions follows at the end of this release.
Today’s action reflects BNSC’s improvements in business and financial performance. To date, the company has exhibited improving trends across asset quality, profitability and capitalization measures. Further, the company continues to build its South Florida franchise by focusing on domestic lending and deposit-gathering activities.
The Rating Outlook has been revised to Positive from Stable to reflect our expectation that the company will demonstrate sustained improvement in financial measures, particularly earnings and asset quality. Furthermore, Fitch would expect continued execution of strategic initiatives such as diversification of the deposit base and targeted growth in foreign correspondent banking relationships. Strategic initiatives include leveraging affiliated Banesco companies such as ABANCA (BB+/bb+/Stable) in Spain to grow loans and deposits within the Spanish-speaking community in Florida and gain additional foreign correspondent banking relationships. BNSC has also started an online deposit platform, providing an additional source of funding.
Fitch’s rating action incorporates the view that the bank has made improvements in risk management, controls, and oversight across its major risk exposures following the Consent Order in 2013 related to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) deficiencies. Such improvements include a formal board-approved enterprise risk management (ERM) policy and the implementation of BSA/AML oversight tools and processes to monitor and manage potential high risk activities. As these improvements season, they should help to inculcate a compliance-focused culture across the BNSC organization.