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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