Bancamiga leads bank loan portfolio growth

Bancamiga consolidated its position as the leader in the large banking sector in September 2025, driven by the growth of its loan portfolio. At month end, gross loan portfolio reached 29.305 billion bolivars, equivalent to US$163 million, representing monthly growth of 21.93% and a cumulative increase of 425.30% for the year. This performance makes it the institution with the largest percentage change within its stratum, the statement explains.

In year-on-year terms, Bancamiga was the institution that showed the largest relative increase in the large stratum, with a growth of 738.56%. Furthermore, it achieved average monthly growth in 2025 of 20.45%, exceeding the averages for the financial system and the private sector by 16.22% and 16.63%, respectively. These results confirm Bancamiga as the banking institution with the sixth-largest loan portfolio in the country.

The quality of the portfolio is also notable, with a non-performing loan ratio of just 1.96%. By September 2025, the institution’s gross portfolio in private banking reached 9.03%, and a market share of 6.03% in the Venezuelan banking system.

Constantly Growing Public Deposits

At the end of September 2025, total deposits totaled 47.174 billion bolivars, equivalent to $263.5 million, representing a year-over-year increase of 403.25%, implying a nominal growth of 37.8 billion bolivars. This performance places Bancamiga as the institution with the greatest relative variation within the large-scale banking sector during this period.

The institution recorded average monthly growth of 15.48%, surpassing the 13.54% of the SBV and the 14.08% of the private sector. The annual variation was 263.63%, consolidating Bancamiga’s position as the leader in growth, with a 5.50% market share, ranking sixth nationwide.

Regarding foreign currency deposits, Bancamiga is ranked among the top 3 in private banking. This represents a 14.91% absorption by private banks and 8.53% by the Venezuelan banking system (SBV). In September, it closed with 27.681 billion bolivars (US$154 million), being the bank with the highest proportion of foreign currency deposits, at 58.68%. Annually, it absorbed 2.68 percentage points from private banks and 1.57 from the SBV.

Robust and growing equity

At the end of September 2025, Bancamiga’s equity reached 12.515 billion bolivars, equivalent to US$69.92 million. This result reflects a year-over-year growth of 1,217.50%, with a nominal increase of 11.564 billion bolivars (US$44.13 million). In annual terms, growth was 440.91%, equivalent to an increase of 10.201 billion bolivars (US$25 million).

Thanks to this significant growth, Bancamiga is positioned as the institution with the greatest relative variation in the large stratum. In September, it strengthened its market leadership, capturing 5.75% of the private stratum and 2.56% of the system, with monthly growth of 1.06% and 0.49%, respectively, compared to August 2025.

Outstanding financial income and profitability

In September 2025, Bancamiga reported financial income of 6.658 billion bolivars, equivalent to US$44 million, reflecting a 420.32% increase compared to December 2024, significantly outpacing the growth of the SBV. Financial income represented 69.35% of total income, an increase of 22.10 percentage points, demonstrating a strengthening of the income structure based on financial operations, the core axis of the traditional banking business.

This robust performance positively impacted the profitability of the loan portfolio, which reached a yield of 132.63%, an annual increase of 83.30 percentage points. This increase reflects effective risk management, adequate resource allocation, and a favorable market response to the products offered by the institution.

In terms of positioning, it ranked among the top four private banks and among the top five in the SBV, with market shares of 10.29% and 6.57%, respectively. Cumulative year-over-year growth was 2,051.20%.

Net results with leadership in the financial system

Although the Venezuelan financial system registered annual growth of 368.75%, Bancamiga far exceeded this figure, consolidating its position as a leading institution with a cumulative net result of 2,919 million bolivars (US$18.92 million) by the end of September 2025. This result represents an annual increase of 11,504.47% in bolivars and 3,128.12% in dollars, representing the second-highest relative growth in the system in bolivars and the first in foreign currency.

In September, it maintained its sixth position in the country in terms of profitability, with a return on equity (ROE) of 118.19% and a return on assets (ROA) of 17.48%, indicators of its efficiency and operational solidity.

These indicators reflect the operational and strategic strength of Bancamiga, which continues to consolidate its position as a key player in the growth and strengthening of the national banking sector.

With information and reference image provided by Bancamiga Banco Universal

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