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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La entrada Bancamiga Credi POS and Credi Express: Loans to boost your business apareció primero en Bitfinance.

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 its location on Avenida Los Próceres, Los Próceres Shopping Center (IPSFA), Third Stage, First Floor, the branch is crucial to Bancamiga’s growth, serving clients and potential clients from El Valle, Coche, Santa Mónica, Los Chaguaramos, and Bello Monte, among other communities in Libertador.

Inaugurated on May 25, 2021, La Rinconada has added 18,800 clients, both individuals and legal entities, who will now have access to a larger, more modern space with access to various transportation lines to conduct their transactions.

The Chairman of the Board of Bancamiga Banco Universal, José Simón Elarba, expressed his satisfaction with the opening on Thursday, August 21, stating, “I am sure it will be an ally for the institution’s growth and will promote the development of the country’s economy through our wide range of services.”

“With this agency, we strengthen Bancamiga’s local presence and consolidate our brand in an emblematic and dynamic area of ​​Caracas, connected to important shopping centers and key points of the city. It’s a space where, in addition to the 18,800 clients from La Rinconada, we will support local individuals, merchants, and entrepreneurs, facilitating their access to essential products and services.”

The ribbon cutting was led by CEO Ariel Martínez and Los Próceres agency manager Luisa López.

Los Próceres joins the recent expansion of Taquilla Lido, which this month became Bancamiga’s 50th branch

Bancamiga will offer its broad financial portfolio, including loans for entrepreneurs, businesses, and vehicles, as well as products such as the Mastercard Debit Card, which, supported by contactless technology, offers various versions of the card to make online purchases, subscribe to streaming services, pay at national and international points of sale, make ATM withdrawals abroad, and enjoy exclusive discounts at partner merchants.

Venezuelans will also be able to visit the Bancamiga Points of Sale at the Los Próceres branch. Developed in partnership with Soluciones Integrales Tecnológicas (SITCA), these points are the only ones on the market that allow for paying and recharging telephone and TV services, playing lotteries, and completing the 5y6 payment process, generating commissions for entrepreneurs and small businesses.

The opening of Los Próceres follows the recent move to the Lido Ticket Office, which this month became Bancamiga’s 50th branch, thus reaffirming the financial institution’s commitment to modernizing and strengthening its service network.

With information and reference images provided by Bancamiga

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La entrada Bancamiga Strengthens Presence in Caracas with Los Próceres Branch apareció primero en Bitfinance.

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 financial revenues.

These results are driven by the vision of being the best and largest private bank in the country, recognized for its digital platform and financial strength, offering a unique experience that blends service quality with the efficiency of the banking sector of the future.

The increase in its loan portfolio positions Bancamiga as the sixth-largest banking institution in the country in this important indicator, achieving a 6.16% market share in the Venezuelan Banking System (SBV) and 9.39 % in the private sector. Year-over-year, it has the highest growth, with 544.78 % in the large sector.

This was a semester in which the quality of its loan portfolio also stands out. Its late payment rate of just 1.30 % was lower than the SBV average.

With these loan portfolio figures, Bancamiga reaffirms its commitment to driving growth for its personal and legal clients with innovative products and services that meet their needs and expectations.

Top 3 in foreign currency deposits

In these first six months of the year, Bancamiga reached one million customers, continued to offer friendly and secure financial solutions, and its Mobile Bancamiga celebrated its second anniversary across the country to reach more Venezuelans and support them on their path to financial inclusion.

This daily effort by more than 1,000 employees across the country enabled total deposits to increase by 127.87 % compared to December 2024, placing Bancamiga as the institution with the highest relative growth in the large stratum.

Year-on-year, deposits from the public experienced a 253.91 % increase, allowing Bancamiga to achieve a 5.45 % market share, ranking sixth in the national ranking and above the annual variation reflected by the SBV and private banks.

Among the range of deposits from the public, foreign currency stands out, a sector where Bancamiga ranks among the top three private banks, with an absorption rate of 13.08 % and 7.54 % of the Venezuelan Banking System.

In June alone, Bancamiga ranked as the bank with the highest proportion of deposits in foreign currency, with 53.01 %. In annual terms, it absorbed 0.85 percentage points of private banking and 0.57 of the SBV.

Increasing financial revenue

To be one of the country’s leading financial institutions in such a competitive market, it is essential to shine. This must be achieved with products that set the pace, as Bancamiga does with its Debit Mastercard, which, supported by contactless technology, allows customers to make online purchases, subscribe to streaming platforms, pay at national and international points of sale, and withdraw from ATMs abroad. The bank explains in a statement.

This also includes innovations such as the tokenization of its cards in its versatile Bancamiga Suite app, which allows for mobile purchases. It also includes its nearly 200,000 modern points of sale across the country, which allow users to pay for and recharge telephone and television services, play the lottery, and stamp their 5y6 cards, among other features.

Thus, by shining in this way, Bancamiga managed to record a semiannual increase in its financial income of 354.23 %, a figure that clearly surpassed the 280.48 % of the SBV, and positioned itself among the top four private banks and the top five in the SBV, with a market share of 10.20 % and 6.53 %, respectively.

This performance supports and consolidates Bancamiga as one of the leading institutions in the Venezuelan financial system, with a semiannual increase of 2,345.27 % in bolivars and 964% in dollars, the highest relative growth in the system in both currencies.

With these results, Bancamiga climbs two positions in terms of profitability, ranking eighth nationwide in June 2025. Year-on-year, the cumulative growth was 1,636.96 %. And to highlight its efficiency and operational solidity, it is worth noting that it posted a return on equity (ROE) of 32.38 % and a return on assets (ROA) of 4.53 %.

There is no doubt that in this first half of 2025, Bancamiga reaffirmed its position as a cutting-edge banking institution, a pioneer in products and services, committed to a smarter, more sustainable future, and which, with its financial solutions, seeks to improve the quality of life of Venezuelan society every day.

With information and reference images provided by Bancamiga Banco Universal

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La entrada Exceptional performance and strong leadership mark Bancamiga’s first half of 2025 apareció primero en Bitfinance.

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 nation, mired in a political, social, and energy crisis, are the Inter-American Development Bank (IDB), the Development Bank of Latin America and the Caribbean (CAF), the World Bank (WB), and China.

Arce indicated that if parliamentary approval of the international loans it requested from multilateral institutions is not achieved, the country would default.

The lack of foreign currency in Bolivia is critical. Added to this is the electricity crisis and clashes with the political opposition, accused by Arce of blocking international financing.

The president has expressed his concern: “We are trying not to default. We have every intention of paying our debt, but what if we don’t have the resources?”

Currently, “there are $1.8 billion in requests for international funds that have not yet been discussed by legislators. The country needs $2.6 billion by December for fuel imports and foreign debt payments.”

M.Pino

Source: infobae

(Reference image source: Rezkytama Putra on Unsplash)

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La entrada Bolivia could default without new international financing apareció primero en Bitfinance.

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 closing the application. In addition, the loan payment can be made when the beneficiary has the opportunity.

The detail to take into account regarding this service is that “it is necessary to deposit more value in crypto than what is borrowed, and it can be in bitcoin or ethereum. This overcollateralization –the financial term– reveals that the crypto sector still needs extra security support when it approaches traditional finances.”

In any case, Bit2Me Loan offers loans for various interests and projects, such as “buying a house to expanding a business.” Applicants must take into account, however, the risks that could be triggered by a significant drop in the price of the cryptocurrencies used as collateral.

M.Pino

Source: xataka

(Reference image source: Mariia Shalabaieva on Unsplash)

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La entrada Bit2Me launches loans with cryptocurrencies apareció primero en Bitfinance.

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, reaching a total of 54,651.69 million bolivars.

In terms of foreign exchange, the loan portfolio stood at $1,507.22 million at the month-end official exchange rate. This represents an increase of 2.66 % compared to the $1,468.10 million with which it closed December, and an impressive 94.56 % compared to the 774.72 million in January 2023.

In addition, the financial intermediation margin experienced a relative increase of 25.09%, from 30.73 % in January 2023 to 38.44 % in the first month of this year. This represents a significant acceleration compared to the annualised increase of 33.08 % recorded last December.

These indicators of portfolio growth and the intermediation index are commendable, especially considering that the banking sector has faced challenges.

For 28 weeks, since the August 4 cut, the bank has not managed to cover the legal requirements, which has resulted in a deficit that exceeds 10 billion bolivars per week in the last six closures reported by the Central Bank of Venezuela (BCV).

The legal deposit requirement has exceeded 35 billion bolivars in each of the last six weeks, while the consolidated bank current account balance has remained at the order of 25 billion.

It is important to note that the intermediation margin does not fully reflect the effort that banks have been making to increase their loan portfolios. In the case of foreign currency deposits, banks have not intermediated more than 10 % of such funds because of the risks associated with foreign currency replenishment in the event of default by debtors.

K. Tovar

Source: Bancaynegocios

(Reference image source: @QPEV_, X)

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La entrada Venezuela’s credit portfolio continues to grow apareció primero en Bitfinance.

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 emerging opportunities in the cryptocurrency lending market.

Under the name of Coinbase Prime, the new cryptocurrency lending platform offers an institutional-grade solution for investors in the United States. Coinbase Prime, a full-service brokerage platform, enables institutions to trade and safeguard their assets.

“With this service, institutions can choose to lend digital assets to Coinbase under standardized terms in a product that meets the Regulation D exemption”, the firm said in its statement.

According to documents filed with the United States Securities and Exchange Commission (SEC), since its launch on August 28, Coinbase clients have already invested $57 million in this lending program, attracting five investors as of 1 of September.

This new Coinbase cryptocurrency lending product follows the suspension of issuance of new loans on Coinbase Borrow in May 2023. This program was designed to allow users to borrow up to 1 million using Bitcoin as collateral.

Importantly, this news comes several months after the US SEC accused Coinbase of allegedly offering and selling unregistered securities in connection with its cryptocurrency staking services, which allow users to earn returns by giving away their cryptocurrencies to the platform. Coinbase defended itself by arguing that it did not share the view that its staking services constitute securities.

The dispute led to the suspension of Coinbase’s staking program in four states: California, New Jersey, South Carolina, and Wisconsin, while legal proceedings continued.

This move by Coinbase comes at a time when the cryptocurrency lending industry is still reeling from last year’s crisis, which saw major companies like BlockFi, Celsius, and Genesis Global file for bankruptcy due to illiquidity caused by the bear market of 2022. Observers of the crypto space consider it critical that the cryptocurrency lending industry learns lessons from these crashes and addresses challenges related to short-term assets and liabilities.

K. Tovar

Source: Cointelegraph

(Reference image source: PiggyBank, Unsplash)

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La entrada Coinbase created a lending platform for the US apareció primero en Bitfinance.

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 Argentina.

From early hours, Massa held a meeting with Anna Bjerde, Managing Director of Operations of the World Bank, where two financing programs were achieved. One of them, with an allocation of 450 million dollars, focuses on strengthening food security.

The second, of 200 million dollars, is aimed at Small and Medium Enterprises (SMEs), providing them with access to credit for imports and a rapid settlement of foreign currency for export. These details were shared by Massa at a press conference held at the facilities of the Inter-American Development Bank (IDB).

Likewise, in his meeting with Ilan Goldfajn, president of the IDB, additional funds were announced for a total of 650 million dollars, with three key objectives: financing the construction of a bridge between the provinces of Corrientes and Chaco, improving the Salto dam Large shared with Uruguay, and increase exports in the knowledge economy sector. With these initiatives, the amount of additional financing would reach the figure of 1,300 million dollars for Argentina at the end of this year.

Massa emphasized that these credits play a fundamental role not only in reinforcing reserves, which have experienced an increase of 1.7 billion dollars in the last 21 days, but also in supporting development projects.

At a time when Argentina faces annual inflation of more than 100 % and a marked shortage of international reserves, these loans provide respite from the high demand for dollars, which citizens seek as a refuge from price volatility.

K. Tovar

Source: Semana

(Reference image source: Adam Nir, Unsplash)

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La entrada Sergio Massa announces a $1.3 billion loan for Argentina apareció primero en Bitfinance.

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 million euros).

These loans correspond to the Expanded Financing Facility (EFF) approved in 2021 and which has undergone a fourth review by the IMF and the Resilience and Sustainability Fund (RSF), which has been revised for the first time since its approval in 2022 and whose objective is to grant financing to carry out long-term reforms that allow to face the climate crisis.

As explained by the Fund, the Costa Rican authorities are making “important advances” in their economic reform agenda and the programs carried out remain “strong”, with “important improvements” in efficiency and orientation to reduce the high poverty rates and increase the formality of employment.

For its part, the fund to advance the climate agenda is also advancing successfully, and Costa Rica has already completed all the reforms committed to prior to this first review. Among others, measures have been taken to incorporate climate considerations in fiscal policy, in infrastructure investments, or in the financial sector.

Likewise, the Costa Rican authorities are also “intensifying” efforts to attract climate financing from both multilateral organizations and the public sector, as well as from the private sector.

Source: dpa

(Reference image source: Stock Birken, Unsplash)

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La entrada IMF approves two disbursements to Costa Rica for 476 million euros apareció primero en Bitfinance.

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 financial institution faces charges for “collecting illegal fees and interest on auto loans and mortgages, as well as overdraft fees incorrectly applied to checking and savings accounts.”

In this sense, the CFPB ordered this Tuesday the reimbursement by the bank of 2,000 million dollars to customers. In addition, a fine of 1,700 million was imposed, considered the highest applied by the regulatory entity.

Scandals related to sales, illegal charging of fees and interest, illegal expropriation of vehicles from customers, as well as the illegal opening of millions of accounts by employees to meet established goals, have long haunted Wells Fargo.

According to the CFPB, the bank’s damages extend to more than 16 million customers. “Wells Fargo’s repeated cycle of violation of the law has harmed millions of American families,” Rohit Chopra, director of the agency, said in a statement.

M.Pino

Source: elnuevoherald

(Photo: the-sun, via web)

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La entrada Wells Fargo to pay $3.7 billion in penalties and refunds apareció primero en Bitfinance.