Banesco Leads the Top 100 Companies of Business in Venezuela
Banesco Banco Universal, leaded by Juan Carlos Escotet, topped the ranking of the Top 100 Companies created by the Business Venezuela magazine, published by the Venezuelan American Chamber of Commerce and Industry (Venamcham). This publication takes into account the financial income of Venezuelan companies in the year 2014.
The top 10, consisted of six companies in the financial sector (four banks and two insurance companies), along with a telephone company, an electric company, a chain of pharmacies and a signature of the food and beverage segment.
Banesco was also included in other classifications of the study of the Top 100 Companies: in the case of the Top 10 of Banking and Financial Income and the Top 20 Employers in financial companies, Banesco was ranked in the first place. The bank also appeared in the Top 20 Social Investment and the Top 25 Productivity (operating income divided by number of employees).
The publication highlighted that this year the banking sector have achieved a dominant presence in the top 10 positions in the ranking of the Top 100 Companies. These results are not surprising, since this sector, along with the insurance sector, had the highest economic growth in 2014, reporting an increase of 14.23% according to figures compiled by the Central Bank Venezuela.