Banesco USA Gets over $11 Million in Capital to Fuel Growth

MIAMI–(BUSINESS WIRE)–Banesco USA has received $11,906,362 capital injection from its shareholders to continue its growth and technological innovations across South Florida in 2019. The increase in capital marks a highly successful year for the local bank.

“2018 was a record-breaking year for us,” said Jorge Salas, Banesco USA President and CEO. “We embarked on a series of new fintech partnerships this year, streamlined our website and mobile banking platform, and surpassed all of our benchmark financial figures from 2017. We look forward to continuing this pattern of growth and innovation in 2019,” he added.

Among its 2018 highlights, the Coral Gables-based bank achieved $131 million in loans over the past 12 months, increasing its total loans by 16 percent.

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