Credit Portfolio of Banesco Led Private Banks in August
Banesco led private banks in other categories such as total assets (Bs. 567.61 billion), third-party managed resources (Bs. 522.27 billion) and deposits from the public (Bs. 505.64 billion). Banesco Banco Universal, an institution of 100% Venezuelan capital, closed August with a gross loan portfolio of Bs. 289.9 billion, the highest amount among private banks in the Venezuelan banking system.
The bank, leaded by Juan Carlos Escotet, has more than 6 million customers in the country and generates over 11,400 direct jobs. The bank also reported 96.45% growth in its loan portfolio compared to August 2014.
The default rate was only 0.18%, 22 percentage points below the system average (0.40%). In the case of microcredit, Banesco again led all Venezuelan banks with a balance of Bs. 13.82 billion.
In its continued support to the productive sectors, Banesco reported the following results in the targeted portfolios:
┬À Credit to manufacturing: B 20.76 billion.
┬À Loans to agriculture sector: B 39.66 billion.
┬À Credits for tourism: Bs. 5.46 billion.
In August 2015, Banesco remained the leader of the Venezuelan private banking in the following indicators:
┬À Total Assets: Bs. 567.61 billion.
┬À Resources managed by third parties: Bs. 522.27 billion.
┬À Deposits from the public: Bs. 505.64 billion.
┬À Gross loan portfolio: Bs. 289.9 billion.
┬À Mortgage loans: B 14.34 billion.
Banesco has an integrated service network consisting of 408 service points, 1,510 ATMs and 104,512 point of sale, in addition to its electronic services such as BanescoM├│vil and BanescOnline.