Another Record Quarter for Banesco USA

MIAMI–(BUSINESS WIRE)–Banesco USA today announced strong Third Quarter Earnings with record net income of $19.8 million, marking a year-over year increase of 165 percent. Additionally, total assets grew 44% to $1.83 billion, gross loans grew by 37% to $1.31 billion and deposits grew 41% to $1.55 billion for the year.

“These figures mark record profits, positioning us to brake 20 million dollars in net income for the year with all of our business lines performing as planned,” said Banesco USA’s CEO, Jorge Salas.” Our new online and mobile banking platform have been very well received by clients and we’re enthusiastic to be adding a promising new business line, foreign national residential lending, led by a senior team with more than 30 years of experience,” he added.

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