Banesco will Pay Dividends to Holders of Preferred Shares

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Banesco will Pay Dividends to Holders of Preferred Shares



The incorporation of Emilio Duran was approved as a member of the Board of Directors at the Shareholders’ Meeting. Also, the financial statements for the first half of 2015 were considered and approved.

Juan Carlos Escotet Rodríguez: Banesco


Banesco Banco Universal, institution 100% Venezuelan capital, leaded by Juan Carlos Escotet will pay dividends of Bs. 7,239,287.50 to holders of preferred shares, issued according to the Indenture 2008-I and 2008-II. The decision was taken at the Annual Meeting of Shareholders held on September 28, 2015 in Ciudad Banesco spaces.

The Shareholders Meeting agreed to declare a cash dividend from the surplus to apply at the end of the six-month period ended on June 30, 2015, by the amount of Bs.7.239.287,50, to be paid to holders of preferred shares.

Banesco Contigo

Banesco Contigo

Shareholders also gave their approval to the incorporation of Emilio Duran as a member of the Board. Duran is an economist and studied accounting and administration at the Central University of Venezuela. He also made a Specialization in Commercial Bank in the Specialized Financial Studies Center in Mexico. Additionally, he was trained in areas of accounting, tax, operational, control, business, risk and financial management. Duran has an experience of over 40 years in the financial sector in organizations such as the National Discount Bank, the Superintendent of Banks, Foreign Bank, Banesco Bank Group and the Common Fund, where he worked as CEO.

Finally, the Shereholders’ Meeting approved the unification into a single text of all amendments and statutory amendments adopted on September 28, 2015.

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