The content you have selected is only available in English.

You can click "View in English" to view it in English or click "Return" to return to the previous page.

Thumbnails News Personas

Banesco USA Surpasses $5 Billion in Total Assets

Reaches $1 Billion in customer deposits in Puerto Rico

San Juan, Puerto Rico (September 8, 2025) – Banesco USA, a member of a global network of banks with over $111 billion in assets and serving over 7 million customers worldwide, reported yet another strong quarter underscoring the bank’s continued growth, customer trust, and strategic execution.

During the second quarter Banesco increased $466 Million its assets or 9.8% to $5.2 Billion as of June 30, 2025 from $4.7 Billion as of March 31, 2025. The bank achieved a net income of $15 Million in the second quarter of 2025, representing a 34% increase compared to the same quarter last year. Customer loan and deposit growth was 16% and 31%, respectively, over the twelve-month period ending June 30, 2025.

“Our second quarter results reflect the strength of our local relationships and the trust our customers place in us. With these results, we are well-positioned for continued growth throughout 2025. We continue to deliver meaningful results by staying focused on the needs of our customers, investing in new products and enhanced digital capabilities, and recruiting and empowering our talented local teams,” said Calixto (Cali) García-Vélez, President and CEO of Banesco USA.

In Puerto Rico, Banesco granted $216 Million in ECIP qualified loans in the first half of 2025, supporting its commitment to the Island. Loan and deposit growth represented 25% and 94%, respectively, over the twelve-month period ending second quarter of 2025.

During this quarter, Banesco reached the $1 Billion deposit milestone in Puerto Rico. Maritza Abadía, President of Banesco USA in Puerto Rico attributed the significant increase in deposits to a targeted strategy among Banesco customers throughout all business segments. “Our certification as a Public Funds Depository Institution contributed to these outstanding results, as well.”

“Our strong financial performance this quarter is a direct reflection of our commitment to the local economy. By partnering closely with the business sector, we’ve been able to provide the financial tools and guidance needed to drive real progress in our communities. We are focused in delivering results while staying rooted in personalized service and long-term impact,” expressed Maritza Abadía, President of Banesco USA in Puerto Rico.

For more information on the bank’s products and services, please visit www.BanescoUSA.com.

###

About Banesco USA
Banesco USA, founded in 2006 and headquartered in Miami, is an independent Florida state-chartered bank with $5.2 billion assets as of June 30, 2025, and operates six banking centers across South Florida and Puerto Rico. Additionally, it has Loan and Deposit Production Offices in Palm Beach and Broward counties. Banesco USA is proud to serve the commercial real estate sector, small and middle-market businesses, as well as professionals who work in the community. The bank services domestic and international clients and operating companies with a suite of products and services delivered with personalized attention to support their financial journeys. For more information, please visit banescousa.com.

The information provided by Banesco USA ("we," "us," or "our'') is for general informational purposes only and is not intended as legal, tax, investment, financial or other advice or a substitute for professional advice. The information is general in nature and does not address the circumstances of any particular individual or entity, and is not comprehensive or a complete statement of the matters discussed herein. All information contained herein is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information provided herein. The information provided may contain information from third parties or other sources. We do not warrant, endorse, guarantee, or assume responsibility for the accuracy or reliability of any information offered by third parties. Under no circumstances shall we have any liability to you for any loss or damages of any kind incurred as a result of the use of or reliance on any information provided herein. Your use and reliance on any information provided herein is solely at your own risk.
call email

Alert

You are leaving the Banesco USA website and will be redirected to a website operated by a third-party company, which has different policies (e.g., privacy and security). Apart from the materials posted by us, we are not responsible for the content on the third party's website.

Fraud on the Rise: Protect Yourself Banesco USA will never ask for your password, PIN, Social Security number, or full account numbers by email or text. Banesco USA will also never request a secure access code over the phone.

Ok

Cancel