Reaffirming its social commitment and supporting education, sustainable development, and nation-building, Bancamiga successfully completed the third edition of its program: “Creating Ideas. Together for Venezuela.” “Together for Venezuela” is positively impacting more than 300 high school students in five institutions across Greater Caracas.

This educational program’s central objective is to foster creativity and critical thinking. Using design thinking methodology, the young participants identify challenges in their communities and propose innovative solutions that contribute to achieving the United Nations Sustainable Development Goals (SDGs).

“At Bancamiga, we believe in innovation as the engine of social change. With ‘Creating Ideas Together for Venezuela,’ we are not only providing tools, but also empowering the next generation of leaders in the country; “Encouraging them to transform their reality and fostering their development as agents of change through critical and creative thinking,” stated José Simón Elarba, Chairman of the Board of Directors of Bancamiga.

In this third edition, the initiative was implemented at the Madre Cecilia Cros School (Catia), the La Rinconada Technical School (Coche), the Pedro Emilio Coll High School (El Valle), the Padre Machado Fe y Alegría Technical School (Las Acacias), and the María Auxiliadora Private School (El Hatillo), during the school year that concluded last July.

Developing leaders among young people

In partnership with Aprendo y Emprendo (Learn and Start Up), workshops were held at each participating institution where students learned about the SDGs and how to apply them; they identified problems in their communities, as well as possible solutions, with the aim of generating innovative ideas that promote a positive impact in their communities.

Professor Gonzalo Rodríguez, job placement coordinator at the Padre Machado Technical School, maintains that the program “Besides being educational, academic, and formative, it raises awareness” among young people.

Furthermore, the program represents “an opportunity” for the students “to develop proposals based on their strengths and implement potential solutions in their communities,” stated Willians Venegas, director of the María Auxiliadora Private Educational Unit.

Positive community impact

Since its inception in 2024, “Creating Ideas. “Together for Venezuela” has increased its impact among students and their communities. The first edition was launched with the participation of 365 students between the ages of 14 and 16 in six schools in low-income areas of Caracas.

The second phase focused on institutional strengthening, training 76 teachers from 10 schools as facilitators and multipliers of the program, with the goal of ensuring the sustainability of the methodology in the classroom.

With this third edition, the educational program consolidates the social innovation model among students, and Bancamiga reaffirms its social commitment to education, investing in new generations to build a more prosperous and sustainable future.

Information and images courtesy of Bancamiga Banco Universal

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To promote banking services in Puerto Ayacucho, Amazonas state, Bancamiga carried out an operation that integrated 477 transportation workers into the financial system, consolidating significant progress in financial inclusion and the entity’s commercial modernization.

This strategic action was achieved through joint work and coordinated planning between the Commercial Banking Department and the bank’s Mass Account Factory.

During a continuous four-day operation, the initiative also successfully integrated 41 individuals who now enjoy the modern products and services offered by the institution in both bolivars and foreign currency.

The incorporation of the transportation sector into the banking ecosystem represents substantial operational progress, as it facilitates the transition to digital payment methods, increases the security of fund management, and streamlines daily transactions for hundreds of transportation users in the region.

Movi by Bancamiga is an innovative service that seeks to transform the traditional public transportation fare payment system through a contactless digital solution. It connects users, transportation providers, and payment processors within a secure and efficient ecosystem, utilizing various payment methods.

This channel is available as a downloadable application from the main mobile app stores, ensuring easy access for all users. Currently, public transportation units integrated with Movi by Bancamiga cover urban routes in Greater Caracas, the Altos Mirandinos region, and eastern Venezuela. Soon, the service will be extended to other routes, modernizing Venezuelan transportation with technology accessible to everyone.

This large-scale, specialized service was delivered through the Mobile Unit, designed to overcome geographical limitations and bring the bank’s services directly to the communities.

During the outreach events, the bank ensured the rapid opening of accounts, the immediate delivery of physical payment instruments, and direct enrollment in the institution’s electronic channels, allowing new clients to operate immediately.

The adoption of these technological tools by the Amazonian population acts as a catalyst for local commerce, providing modern payment alternatives to sectors that required financial modernization.

The financial institution described the event as a fundamental step toward local economic development in the south of the country. It also reaffirmed its institutional commitment to schedule future visits to guarantee the continuity, commercial support, and expansion of its financial solutions in the state of Amazonas.

Information and image provided by Bancamiga Banco Universal

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At the close of July 2016, a monthly increase of 11.09 % was observed, reaching 264,034 million bolivars (US$353.5 million).

This result makes Bancamiga the bank with the highest relative monthly growth among large banks and second year-over-year, with a growth of 266.45 %. Its performance was so outstanding that it significantly surpassed that of the Venezuelan Banking System (SBV), which decreased by 2.82 %.

Bancamiga’s market share increased by 1.11 percentage points within the private banking sector and by 0.68 percentage points within the Venezuelan Banking System (SBV) on a monthly basis.

Regarding foreign currency deposits, it climbed one position to fourth place in public deposits within the private banking sector, with an absorption rate of 11.01 % and 7.99 % of the Venezuelan banking system, consolidating its position as a benchmark in the segment.

In July 2016, Bancamiga closed with 180.39 billion bolivars (US$242 million), positioning itself as the third bank with the highest proportion of foreign currency deposits in the system, at 68.32 %. On a monthly basis, it absorbed 2.87 percentage points from the private banking sector and 2.13 percentage points from the SBV.

These results reflect Bancamiga’s commitment to offering innovative products and services, along with close and personalized attention, allowing them to meet their clients’ expectations.

Total assets increased by 15.27 %. The institution with the highest percentage growth among large banks

July’s results regarding total assets strengthened Bancamiga’s position as the sixth largest bank in the country in terms of asset volume.

At the end of that month, total assets reached 411,017 million bolivars, equivalent to 520 million dollars, representing a monthly increase of 15.27 % and an annual increase of 220.58 %, respectively. Bancamiga positioned itself as the institution with the highest percentage growth among large banks during this period.

The average monthly growth of total assets was 18.53 %, surpassing that of the financial system (16.72 %).

As it approaches its 20th anniversary, Bancamiga reaffirms with these results its unwavering commitment to being the modern, approachable, and solid bank its customers deserve.

Based on information from Bancamiga Banco Universal’s institutional press release and other national media outlets

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This effort stems from a clear premise: to ensure that every customer once again receives close, human, and personalized service from their business executives in fully optimized spaces.

From the very beginning of the crisis, Bancamiga’s priority was to support the community and mitigate the impact of the tragedy through tangible economic relief measures, such as waiving point-of-sale processing fees for businesses in La Guaira and fees for sending funds from abroad through Solución Amiga.

The institution also stated in a press release that it waived fees for replacing damaged or lost debit cards, restructured the loan portfolios of those affected, and created a special contingency fund with preferential rates, grace periods, and streamlined processes for individuals, businesses, and small companies in the impacted areas.

With these reopenings, the financial institution’s service network is once again fully available throughout the country: 51 branches operating nationwide; five teller windows, including service at Viva and the CCCT (with special service on Saturdays); and Bancamiga Móvil for flexible and direct service.

Where are the reopened branches located?

• San Felipe: Avenida Libertador, corner of Calle 6, Hermanos Dominguez Building, Yaracuy State.
• Maiquetía: Avenida Soublette, Litoral Shopping Center, Level 2, La Guaira.
• La Castellana: Avenida Francisco de Miranda with Avenida Eugenio Mendoza, Headquarters Building, Ground Floor, Miranda State, Caracas.

With these actions, Bancamiga reaffirms that its greatest strength lies in the trust of its clients, solidifying its position as an unwavering partner for overcoming any challenge.

Information and images are for illustrative purposes only and are courtesy of Bancamiga Banco Universal

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Within Bancamiga’s broad loan portfolio, two options stand out, designed to provide immediate liquidity: Credi POS and Credi Express, both with a preferential annual interest rate of 16 %.

This is explained in an institutional press release. Whether you’re looking to expand your business or need a personal financial boost, discover how these products fit your plans.

Credi POS is a loan designed for individuals and businesses that own and maintain active Bancamiga point-of-sale terminals.

Main features of Credi POS:

• Interest rate: 16 % per year.
• Repayment term: up to 6 months.
• Targeted at: merchants, business owners, and individuals with commercial activity.

Bancamiga point-of-sale terminals not only facilitate fast transactions but also allow you to generate extra income through commissions on balance top-ups and bill payments, with daily fund settlement (including weekends and holidays).

Fast financing for individuals

For those who need a quick response and flexible terms, Credi Express is the ideal solution. This product rewards customer loyalty by evaluating the level of account activity.

Advantages of Credi Express:

• Interest rate: 16 % per year.
• Payment term: 3 months.
• Direct evaluation: granted based on your Bancamiga account history and activity.
• Targeted at: individuals.

In addition to Credi POS and Credi Express, Bancamiga offers comprehensive credit coverage tailored to different needs:

• Microloans and financing for entrepreneurs.
• CrediMujer and business lines of credit.
• Vehicle loans and credit cards.
• Contingency Fund, recently created to support sectors affected by the earthquakes of June 24.

How to apply for Credi POS or Credi Express at Bancamiga?

Obtaining bank-backed financing is fast and secure. If you would like to know the specific requirements:

3. Visit the Bancamiga branch or teller nearest to your location.
4. Receive personalized advice from our team of account executives.
5. Select the loan option that best suits your financial profile.

Growth is easier when you have the right support! Check out your loan options at Bancamiga today! (Invitation from the institution).

Information and image are for illustrative purposes only, courtesy of Bancamiga Banco Universal

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In response to its strategic vision of supporting national economic development, Bancamiga formalized its membership in the Venezuelan Petroleum Chamber, a business association with over four decades of experience representing the private hydrocarbon production sector.

With this addition, the financial institution aims to strengthen the energy sector ecosystem through solutions tailored to the operational dynamics of companies, suppliers, and contractors in the industry.

Bancamiga’s value proposition: A key ally in the hydrocarbons value chain

In this context of productive reactivation, Bancamiga’s value proposition for Chamber members includes…

Transactional Management and Payments: state-of-the-art point-of-sale terminals, dynamic currency exchange desks, and corporate digital channels for efficient treasury management.

Credit and Financing: lines of credit for working capital and financing for expansion projects or equipment acquisition.

Foreign Trade and Foreign Exchange: comprehensive solutions for international operations.

Personalized Attention: specialized financial advice tailored to the specific cash flows of the industry.

For Bancamiga, joining the Venezuelan Petroleum Chamber represents a firm step toward boosting local investment and offering robust banking tools to a strategic sector for the country.

With this step, the institution reaffirms its commitment to the development of key sectors of the Venezuelan economy, connecting directly with a portfolio of high-performing companies and increasing its presence in national corporate banking.

Information and image for reference only, courtesy of Bancamiga

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In the dynamic environment of international banking, trust and operational integrity are the fundamental pillars for the growth and sustainability of any institution.

Bancamiga’s participation in FIBA (Financial and International Business Association) represents a highly significant strategic milestone, consolidating its firm commitment to the highest global standards in the prevention and control of money laundering and terrorist financing.

Founded in 1979 and headquartered in Miami, Florida, FIBA is a non-profit trade association and an international center of excellence widely recognized by regulators, oversight bodies, and law enforcement agencies worldwide.

Its primary mission is to promote best practices in international trade, correspondent banking, wealth management, and, most importantly, regulatory compliance.

Bancamiga’s participation in the recent FIBA AML Argentina conference is a step forward in its intention to join an elite network where future preventative policies are being defined.

The organization is an undisputed leader in Anti-Money Laundering (AML) education and certification, setting global standards in partnership with prestigious academic institutions such as the Florida International University (FIU) School of Business.

Active participation of strategic areas of the bank

The participation of four strategic areas of the bank, which are part of its preventative structure (UPCLC/FT/FPADM, Treasury, International Business, and Legal), in the FIBA AML Argentina conference has significant implications for the institution’s projection within the global financial ecosystem:

1. It demonstrates that Bancamiga’s anti-money laundering policies not only comply with local regulations but also rigorously align with the most demanding global standards.

2. It strengthens Correspondent Banking by opening direct channels and reinforcing mutual trust, facilitating the efficient and secure flow of foreign trade operations for Bancamiga’s clients.

3. It provides access to cutting-edge knowledge, allowing the bank’s compliance specialists to remain at the forefront of defense with immediate access to the latest types of financial crimes, monitoring technologies, and methodologies for mitigating emerging risks.

4. It allows for collaboration with global banking giants. FIBA brings together some of the largest, most influential, and most respected financial corporations and institutions in Europe, the United States, Latin America, and the Caribbean. Sharing this space of governance, committees, and technical exchange allows Bancamiga to directly integrate into a network representing more than 600 financial institutions across the hemisphere.

5. Transparency, the cornerstone of management. For a universal bank, the best calling card is an impenetrable compliance system. By actively participating in FIBA, Bancamiga reaffirms that the security of its users’ transactions and the transparency of its management are non-negotiable institutional assets before the world.

Strengthening Bancamiga’s Comprehensive Risk Management System

Attendance at the event involved fulfilling formalities that help strengthen Bancamiga’s Comprehensive Risk Management System, as well as acquiring tools and knowledge that allow the bank to anticipate new guidelines currently in place and those that will govern the international banking ecosystem, positioning the institution as a reliable player in the existing correspondent network that communicates using the same international language.

Information and image courtesy of Bancamiga Banco Universal

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Recognizing the transformative impact of a gift, Bancamiga will be collecting toys at 48 branches nationwide this Saturday from 9:00 am to 3:00 pm, in celebration of Children’s Day. A stuffed animal, a toy car, a doll, a ball, or a children’s wellness kit (new or in perfect condition) will represent a heartfelt embrace from our customers to the affected communities.

Children’s Day is much more than a date on the calendar; it’s the perfect opportunity to remind children how precious and loved they are. This year, the celebration takes on an even deeper meaning following the events of June 24th.

Bancamiga employees will receive these donations this Saturday to distribute them on Sunday in La Guaira. The bank invites citizens to visit branches with their children to enjoy a special day, where the little ones will also receive a Kids Card as a gift, ideal for taking their first steps in the financial world with awareness and education.

An unwavering commitment

The toy distribution is part of the meticulous contingency plan that Bancamiga initiated from the first day of the emergency to support the affected areas. This strategy includes the creation of a special fund with preferential rates, grace periods, and simplified procedures for individuals, businesses, and SMEs.

The plan also includes receiving funds from abroad without fees, restructuring loan portfolios, directly distributing drinking water, milk, mattresses, and non-perishable food items, along with waiving point-of-sale fees and providing free replacement of the Bancamiga Mastercard Debit Card.

At Bancamiga, every employee is convinced that rebuilding the future begins by protecting children’s present. The bank’s statement concludes with an invitation: Come to any of our branches this Saturday, bring a toy, and give the gift of a smile. We’ll be waiting for you!

Information and images are for illustrative purposes only, courtesy of Bancamiga Banco Universal.

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When an earthquake strikes, the damage doesn’t end with the tremor. It comes afterward: the business that can’t open, the family that doesn’t know how to start over, the wall that couldn’t withstand the impact. Bancamiga Banco Universal understood this from the outset and acted accordingly: it allocated a $5 million fund, available now, to support the recovery of affected individuals and communities.

“Our priority is that no affected family or business feels alone in this. We are here to help you get back on your feet,” stated José Simón Elarba, Chairman of the Board of Directors of Bancamiga.

The fund is designed to be truly helpful, not to add to the bureaucracy at the worst possible time. Applications are already being received through business executives. The process is streamlined, the decision-making process is humane, and the response is immediate for the most urgent cases.

Who is it for?

The fund serves individuals, businesses, small and medium-sized enterprises in the affected areas. Resource allocation takes into account the specific circumstances of each case: the physical damage sustained, the loss of income, the business interruption, the impact on jobs, and the damage to the primary residence. Those who need it most, first.

What does the fund include?

The terms, depending on the case, were designed so that the loan is a recovery tool, not an additional burden:

1. Special interest rates—below standard market rates.
2. Grace period for principal repayment — time to breathe before starting payments.
3. Flexible repayment terms — adjusted to the actual recovery rate of each case.
4. Fee waivers or reductions — lower costs when it matters most.
5. No prepayment penalty — complete flexibility if recovery is faster.
6. Flexible collateral options — tailored to the applicant’s current situation.

How to apply?

Applications are received through Bancamiga business executives. More complex or critically impacted cases are handled directly by the Natural Disaster Contingency Fund, guaranteeing priority attention and a fair distribution of resources across all affected areas and sectors.

“This fund is a swift and humane response, but also a responsible and sustainable one. The goal is not only to provide loans: it is to support individuals and businesses so they can recover, resume their operations, and rebuild what they lost. Venezuela needs us to be present, and Bancamiga is there,” stated José Simón Elarba, Chairman of the Board of Directors of Bancamiga.

About Bancamiga Banco Universal

Bancamiga Banco Universal, C.A. is a Venezuelan financial institution with 19 years of continuous operation, more than 1,221,000 active clients, and a projected transaction volume of US$26.963 billion in 2025. It operates under the supervision of SUDEBAN and complies with Mastercard’s international compliance standards as the principal licensee in Venezuela.

Information and image courtesy of Bancamiga

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Distance shrinks when solidarity and technology come together. With the aim of strengthening ties between those far away and their loved ones, clients, or business partners in the country, Bancamiga brings Venezuelans closer together with Solución Amiga, a fast, secure, and simple alternative for receiving funds from abroad directly into your checking account, with 0% commission.

The process involves generating a request link from Bancamiga Online or Bancamiga Suite, which is sent to the person making the transfer. The recipient only needs an international Mastercard credit or debit card and to fill out the form to complete the transaction.

The funds are received immediately in bolivars, eliminating unnecessary waiting times and intermediary costs. This tool is designed for both individuals and businesses and is available 24 hours a day.

This advantage is part of the comprehensive support plan following the earthquakes

This commission waiver is part of the comprehensive support plan that Bancamiga activated on June 24th to assist those affected by the earthquakes. This plan includes the creation of a special financing fund, the restructuring of loan portfolios, the centralization of supplies at our branches in Caracas and other parts of the country, and the direct distribution of drinking water, milk, mattresses, household goods, and non-perishable food.

For Bancamiga, being there means responding when it matters most and ensuring that support arrives on time, as emphasized in an institutional statement.

Information and image courtesy of Bancamiga Banco Universal

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