The creative and production team at Jagi Caps not only designs caps, they generate pop culture to distinguish and wear on our heads. On this occasion, Jagi has presented and showcased, with solid support and strength, an impressive catalog or portfolio of official licenses for Venezuela. This allows them to take the design, quality, and originality of each piece they release to the next level, transforming them into fashion pieces that match the preferences and styles of their many —yet distinguished— clients, followers, and users.

Some of the prestigious licenses that are part of the Jagi universe are:

• DC Comics
• Cartoon Network
• Looney Tunes
• Rick and Morty
• Scooby-Doo
• Tom & Jerry
• Harry Potter
• Snoopy / Peanuts
• Naruto Shippuden
• Dragon Ball Z
• Mortal Kombat
• MLB (Major Baseball League) – Including legendary teams like the Yankees, Dodgers, Red Sox, and more.

What does this mean? Zero piracy, authenticity

“Every cap purchased from Jagi Caps in these collections is 100 % original, authorized, and officially licensed, meeting all the standards of quality and good design that true fans deserve,” stated the communications and marketing team of the international brand.

“This isn’t just fashion. This is history, nostalgia, and passion worn with style.”

Jagi Caps, the leader in Venezuela in this category and market segment, underscores the power of an officially licensed cap.

With information from Jagi and social media

(Reference images source: FT / JCVzla)

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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.

The Council of Ministers approved this Tuesday in Spain the granting of loans from the Fund for the Promotion of Development (FONPRODE) for entities in Costa Rica, Panama and Peru for a total amount of 24.9 million euros.

Thus, the Government has authorized the concession for a maximum amount of 20 million US dollars (16.8 million euros) to Banco Improsa S.A., of Costa Rica, to finance “the expansion of its portfolio.” The Executive has established a repayment term of 9 years, with an interest rate of 4.55 % fixed per year.

According to the Ministry of Foreign Affairs, the loan to Banco Improsa “seeks to contribute to better and greater access to financing for Costa Rican micro, small and medium-sized enterprises.” He pointed out that the V Master Plan of the Spanish Cooperation 2018-2021 indicates that FONPRODE will pay “special attention to interventions in microfinance, bankarization of remittances, small and medium-sized enterprises, social economy, venture capital, creation of infrastructures and Public-Private Alliances for Development (APPD) “.

It also includes Costa Rica among the countries of “advanced cooperation, for which it is prescribed that an advanced dialogue will be maintained with them on sectoral policies and technical and institutional cooperation schemes.”

The Council of Ministers has also approved the agreement that authorizes the granting of a loan for a maximum amount of 5.6 million euros to the Central Empresarial Solidaria, SA, of Panama, charged to the Fund for the Promotion of Development , to finance the expansion of your portfolio.

CFE Panama, incorporated in 2009, is a private equity commercial company, organized as a public limited company under Panamanian laws and operating in accordance with Law 42, of July 23, 2001, which regulates the operations of financial companies. Its objective is to facilitate access to credit for micro, small and medium-sized companies, accompanying them in their development with simple and fast financial services, adapted to the client’s needs.

Finally, the Executive has authorized the granting of a loan for a maximum amount of 3 million dollars (2.5 million euros) to Empresa de Desarrollo de la Pequena y Microempresa Alternativa S.A. (EDPYME Alternativa), from Peru.

Source: dpa

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