Juan Carlos Escotet Rodríguez

General Information about Juan Carlos Escotet Rodríguez, Chairman of the Board of Directors of Banesco

Participatory Budget 2016 Projects in Baruta

Banesco Banco Universal, which policy of corporate social responsibility base is to promote education, health and financial inclusion of Venezuelans, started the call for the eighth edition of the Participatory Budget in the municipality of Baruta, Miranda state. Non-Governmental Organizations and institutions operating in this region may submit their proposals until 29 April. The bank will distribute Bs. 1 million among the projects elected and that are dedicated to meet the needs of education, health and culture in the area.

Juan Carlos Escotet Rodríguez: Banesco with the communities

Banesco with the communities

The executive vice-president of Communications and CSR Department of the bank, Mariela Colmenares, said that the bank believes in dialogue with its stakeholders. Therefore, since 2008, Banesco incorporated into its actions on corporate social responsibility the figure Participatory Budget. This is why, the bank establishes a dialogue with the communities where it is present. It is important to mention that the institution started with the community of Colinas de Bello Monte, in Caracas, which was extended to the entire Municipality of Baruta, and since 2014, the bank has incorporated the Municipality of Maracaibo and Nueva Esparta state.

Colmenares also expressed that the bank’s goal is to develop social projects submitted by organizations in the area and have an impact on education, health care or infrastructure improvement matter. Among the applicants organizations, the team in charge choose which projects will receive the financing.

Juan Carlos Escotet Rodríguez: Participatory Budget in Maracaibo

Participatory Budget in Maracaibo

In eight years, Banesco has contributed with more than 4.9 million bolivars to develope social projects in the Municipality of Baruta, Maracaibo and Nueva Esparta. There are thousands of people, mostly children, adolescents and elderly population, who have benefited throughout all these years. This year, Banesco is providing Bs. 1 million among those selected to execute projects in each region.

Once the proposals are received, they will be reviewed and those which meet the application guidelines will advance to the next stage. The process of selecting projects to be executed will be held on May 12, 2016 in Ciudad Banesco, Caracas.

Juan Carlos Escotet Rodríguez: This opportunity in Baruta

This opportunity in Baruta

Juan Carlos Escotet Rodríguez: 26 Banesco Citizens Graduated Thanks to Banesco

This is the second cohort of graduated Banesco Citizens thanks to an agreement between Banesco Banco Universal and the Simon Bolivar University.

Banesco, financial institution leaded by Juan Carlos Escotet with 100% Venezuelan capital, reported that a group of 26 Banesco citizens graduated from the course “Innovation Management” created and provided by Simon Bolivar University. This opportunity is part of Banesco Banco Universal initiatives to promote innovation in the culture at different levels of the organization.

Juan Carlos Escotet Rodríguez: Innovation Management

Innovation Management

According to Paola Boccia, Executive Director of Banesco, innovation is part of the Corporate Values of Banesco, which means that this opportunity is a commitment to stimulate all those values at all levels. Having a second cohort of graduates in this course is the culmination of an ongoing program that seeks to engage and encourage Banesco team to be opened to change, as this allows the institution to adapt quickly to both customer needs and to the market.

The academic ceremony took place recently at the auditorium of the Chancellor of the USB and was led by Oscar Gonzalez, Dean in charge of the Extension Department, representing authorities of the USB. On behalf of the Board of Directors of Banesco, Paola Boccia, executive director of the bank, attended the event.

Juan Carlos Escotet Rodríguez: Tools and creativity of each one of the participants

Tools and creativity of each one of the participants

Rosaly Rodriguez, Projects’ Manager and participant of the course, talked about the importance of the innovation as one of the organizational values of the bank, and because of this reason, the team must be spokespeople for this model of life, in order to connect with their partners helping them to leave their fears aside and allowing them to develop new things, thinking differently and bringing a great change in their lives.

According to Leonardo Del Valle, Specialist in Innovation and graduated from the course, the course allows all students to improve their research skills and creativity, helping them to find a suitable structure to deploy the innovative talent inside each one of the participants.


Juan Carlos Escotet Rodríguez: Improving their research skills and creativity

Improving their research skills and creativity

Banesco and Its Community Banking Services

The community bank

This is a modality of helping the communities and its people created by Banesco. The community banking is an integrated financial service organization dedicated to meet the needs of customers and satisfy them through relationships based on mutual trust, ease of access and excellence in service quality. Banesco, leaded by Juan Carlos Escotet, and its tem are leaders in the sectors of Person and Commerce, combining tradition and innovation, with the best human talent and advanced technology. The service is committed to generate greater profitability shareholder and well-being of the community.

Juan Carlos Escotet Rodríguez: Micro credits for Venezuelan entrepreneurs

Micro credits for Venezuelan entrepreneurs

More than 272.550 micro credits

Banesco Banco Universal continues to drive, through its Community Banking, talent of Venezuelan entrepreneurs, which is why since 2006, the year of its creation, served an amount of Venezuelan people, who, because of their geographical location or informal economic activities, they have been excluded from traditional banking.

It is noteworthy that the main economic activities carried out by micro-backed Banesco Community Banking have to do with:

·         Public transport passengers,

·         food trade through wineries and supplies,

·         clothing for sale

·         automotive

·         food sale.

Juan Carlos Escotet Rodríguez: Community banking

Community banking

Venezuelan entrepreneurs and their Community Banking services

Entrepreneurs from the most needy areas of the country can request their Work Loan (Préstamos para trabajar in Spanish), thanks to the increasing of the maximum amount of microcredits announced by the bank.

Hector Albarran, vice president of Banesco’s Community Banking, said that the purpose of this increasing number of microcredits is to be adjusted to the reality and needs of customers. Albarran also stressed that small businesses can boost their business.

Thanks to the Work Loan, the customer has an opportunity to grow and develop his/her business. The customer can also attend the Training Program of Microentrepreneurs where they will learn elements of management and marketing, among other skills, to help in their business. Finally, the bank invites interested parties to learn more about this plan and great services.

Juan Carlos Escotet Rodríguez: Micro credits

Micro credits

Juan Carlos Escotet Rodríguez: Digital Innovations at ABANCA

ABANCA just launched for all its customers Abanca Play, an application that allows immediate payments from any mobile device totally free of charge to national and European banking users.

The director of the Innovation department of ABANCA, Eduardo Aldao, says that Abanca Play is a useful tool, that also is easy to use, with no commissions, and it can perform operations immediately in order to make life easier for the bank’s customers, providing them a fast way to deal with their daily transactions.

Abanca Pay offers payment of up to EUR 150 per transaction, free of charge, to any person, whether the bank, it is just typing a phone number or email. Jorge Blanco, manager of Abanca Payment Systems, expresses that there is no need to ask for the account number to anyone, nor it is necessary to belong to the same entity. With this application,customers can send and receive money from friends or colleagues instantly.

More characteristics

· Easy, free and fast payments

The application designed by the bank is associated with the customer’s online banking account and it allows a payment to a person simply by selecting it on the agenda of her/his mobile contacts, without the need to know any account number or belonging to the same financial entity.

· Financial innovation

One of the mainstays of the ABANCA’s digital strategy is to offer its customers the most innovative financial technology, trying to incorporate the latest developments and market trends. The bank is a pioneer in offering its customers mobile payment with Samsung Pay and considering as a base the identification mark (Touch-id) in mobile banking.

Online banking from everywhereIn addition, for more than 10 years, customers of the bank can withdraw money from ATMs without using the card, thanks to Hal-Cash service, a system that allows the people to send money to any mobile via SMS. The code included in the message can collect money without card in any ATM associated to the system.

College Scholarship Program of Banesco

Banesco Banco Universal has different important policies regarding corporate social responsibility; its social objectives go from promoting education and health to being base of financial inclusion of Venezuelans. This time, the institution presented its College Scholarship Program, which serve low-income young people with high academic performance. The first 115 graduates beneficiaries are studying at the Catholic University Andres Bello, and their scholarships will be awarded in honor of the father Gustavo Sucre, S.J., founder of this university.

Juan Carlos Escotet Rodríguez: Escotet in the ceremony

Escotet in the ceremony

The ceremony was led by Father Francisco José Virtuoso SJ, rector of the UCAB; Juan Carlos Escotet Rodriguez, president of Banesco International; Xavier Luján, president of the Board of Directors of Banesco Insurance; and Miguel Angel Marcano, Chief executive of Banesco. Also, a group of young people who will be benefited from the College Scholarship Program of Banesco participated in the ceremony, in addition to members of the Board of Directors of Banesco.

For the academic year 2015/2016, Banesco will benefit with the program 115 UCAB students, with coverages between 80% and 100% of their tuition, according to their socioeconomic conditions. Deborah Cordero, director of the Andrés Bello Foundation, said that 20% of the current student population in the UCAB is within one of the programs of financial support.

Juan Carlos Escotet Rodríguez: Xavier Lujan, Father Virtuoso, Miguel Marcano

Xavier Lujan, Father Virtuoso, Miguel Marcano

In his words during the ceremony, Juan Carlos Escotet Rodriguez highlighted the value of study and effort despite the weakening of enthusiasm and uncertainty in our present days. It is important to notice that there are also people who work overcoming all kinds of obstacles; parents, often single mothers, single parents also, do not faint every morning and make efforts to go forward with their children and family.

“There are people like you everywhere”, said Escotet, and those people, according to Juan Carlos Escotet, take their academic responsibilities, because they have chosen a way of life that is the result of efforts and merits.

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