Banesco USA Reports Strong Q3 Results

Banesco USA Reports Strong Q3 Results

MIAMI–Banesco USA announced today continued strong results for the nine months ending September 30, 2018, with record breaking figures of $7.5 million in net income, and an increase of 138 percent year over year. Additionally, the bank reported an increase in total assets of 21 percent to $1.25 billion, compared to $1.03 billion on September 30, 2017. During the 12-month period, total gross loans grew by $158 million, or 20 percent, and deposits grew by $126 million, or 14 percent, it reported.

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