With the firm intention of continuing its expansion and brand positioning, Bancamiga changed its name to the La Rinconada branch. As of this week, it became the Los Próceres branch, the fifth in the Libertador municipality, along with Sabana Grande, Propatria, Las Ibarras, and El Cementerio.
Due to…
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loans
Exceptional performance and strong leadership mark Bancamiga’s first half of 2025
The first half of 2025 closes for Bancamiga with exceptional performance and strong leadership, which enabled it to achieve 192.58 % growth in its gross loan portfolio, 127.87 % growth in its total deposits, and 354.23 % growth in its…
Bolivia could default without new international financing
Bolivia's internal situation has led the country to the depletion of its international reserves. In this context, President Luis Arce has indicated that without new financing, it could default.
The main creditors of the South American…
Bit2Me launches loans with cryptocurrencies
The Spanish company Bit2Me launched the loan service with bitcoin as collateral called Bit2Me Loan. Those interested can apply, without paperwork, for up to 1 million euros.
The credit assignment is immediate, with no fees for opening or…
Venezuela’s credit portfolio continues to grow
In January 2024, the credit portfolio of Venezuelan banks experienced a slowdown in its growth. However, it maintained a significant upward trend, with expansions of 3.5 % compared to December and an impressive 215.5 % year-on-year,…
Coinbase created a lending platform for the US
Leading cryptocurrency exchange platform Coinbase has taken a significant step by quietly introducing a cryptocurrency lending service aimed at institutional investors in the United States. This move is reportedly aimed at capitalizing on…
Sergio Massa announces a $1.3 billion loan for Argentina
In a prominent day in Washington, the Argentine Minister of Economy and candidate for the presidency, Sergio Massa, revealed that he had obtained loans for a total of 1.3 billion dollars from the World Bank and the IDB, for the benefit of…
IMF approves two disbursements to Costa Rica for 476 million euros
The International Monetary Fund (IMF) has given the green light to two disbursements of 275 million dollars (251 million euros) and 246 million dollars (224 million euros) for Costa Rica, which raises the figure to 521 million dollars (476…
Wells Fargo to pay $3.7 billion in penalties and refunds
Wells Fargo must pay the US regulators the amount of US$ 3.700 million for fines and reimbursements, before the accusations of crimes related to mortgages and loans.
According to the Consumer Financial Protection Office (CFPB), the…
World Bank grant important loan to Ecuador
The executive board of the World Bank granted a loan of 700 million dollars in favor of Ecuador, with the objective that the country allocate resources to support the fight against Covid-19, promote economic growth, job creation and climate…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
Maduro authorizes credits in foreign currency
Venezuelan President Nicolás Maduro assured that he instructed Vice President Delcy Rodríguez to authorize credits in foreign currency within public banks.
"I believe that the time has come to give credits in public banks in foreign…