In a financial environment that demands absolute rigor and demonstrable transparency, Bancamiga has consolidated prevention in each of its processes, elevating its risk management culture.

On its way to its first 20 years, Bancamiga demonstrates that the fundamental pillar of its security originates from the highest corporate levels. Its Board of Directors, chaired by Dr. José Simón Elarba, has prioritized and invested heavily in compliance and prevention, demonstrating a proactive commitment to protecting the bank against global challenges. There is a total commitment to the Prevention and Control of Money Laundering, Terrorist Financing, and the Financing of the Proliferation of Weapons of Mass Destruction.

“The support, vision, and investment of the Board of Directors, make all the difference operationally. It is a declaration of principles that allows us to act with complete independence, state-of-the-art resources, and the utmost rigor,” Elarba stated.

This commitment and leadership have a single, non-negotiable objective: to safeguard depositors’ assets with the seriousness, responsibility, and respect that their trust deserves.

A driving force for prevention

To achieve this level of asset protection, the institution maintains a robust and constantly evolving Integrated Risk Management System (IRMS). This set of policies, rules, and procedures serves as the core of the bank’s “institutional shield,” enabling the proactive identification, measurement, control, and mitigation of any exposure, ensuring financial traceability in every transaction across the network.

Bancamiga’s prevention architecture is being adapted to international standards, necessary for operating in the global banking environment, guaranteeing that its anti-money laundering policies are perfectly aligned with best practices and guidelines from developed countries.

In the national regulatory sphere, Bancamiga’s operations are adapted to all current prudential regulations. Compliance with these regulations will allow Bancamiga to consistently exceed the parameters required by the regulatory body, demonstrating a zero-tolerance policy toward irregular transactions.

Technological and process modernization

Its Integrated Risk Management System has undergone a profound modernization process, redesigning its workflows to make them more agile, efficient, and robust in the face of the new dynamics of the digital economy. However, the best technology requires the most specialized human talent.

For the past two consecutive years, Bancamiga has implemented an ambitious training and awareness program for its staff. This ongoing effort has placed special emphasis on strengthening prevention and control units, ensuring that the bank’s daily operations are handled by highly trained, career experts.

This deep commitment to compliance has a clear goal: to position Bancamiga as a global benchmark of trust.

Information and image provided by Bancamiga Banco Universal                         

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In a continued effort to strengthen the country’s entrepreneurial and business ecosystem, Bancamiga and the Baruta Municipality held the forum “Tools to Boost and Grow Your Business” at the Trasnocho Cultural Center.

The event was opened by José Simón Elarba, Chairman of the Board of Directors of Bancamiga, and included remarks from Darwin González, Mayor of the Baruta Municipality. Both leaders emphasized the importance of technical training and financial support as fundamental drivers of local and national economic progress.

For José Simón Elarba, the more than 400 forum participants represent “the Venezuela that is possible, with many ideas, projects, and a desire to contribute something new. Our social commitment is to ensure they can count on Bancamiga to make each of their ideas a reality, helping them grow from entrepreneurs to business owners.”

Practical knowledge / Training activity

The forum offered a strategic roadmap for attendees, covering everything from market realities to cutting-edge technological tools. Professor Luz Aimara Morales, Director of the Innovation and Entrepreneurship Center at UCAB, presented the lecture “A Snapshot of Entrepreneurship in Venezuela,” providing key data on the behavior and challenges of new business models in the country.

Marketing and innovation strategist Isa Bermúdez captivated the audience with her presentation, “The Voice of Your Brand,” emphasizing the need for authentic communication to connect with today’s consumer.

Digital transformation was also featured, presented by Joco González, CEO of Zuliatec, who delivered the lecture “Strategic Use of Artificial Intelligence (AI),” demonstrating how this technology can immediately optimize processes and sales.

To close this training event, economist Luis Oliveros spoke about “Opportunities for My Business in Today’s Economy,” offering a forward-looking analysis of how to navigate the financial environment to achieve profitability and sustainability.

Video coverage of the guided learning initiative

This forum is part of Bancamiga’s social commitment, aimed at promoting business development by providing practical knowledge that empowers entrepreneurs to make informed decisions.

With these kinds of events, Bancamiga reaffirms its position as a strategic partner for those committed to innovation and productive development in the country.

On-site coverage by Grupo El Sumario media outlets; more information and images provided by Bancamiga.

Audiovisual production: Ida Febres

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Bancamiga, one of the most dynamic and innovative financial institutions in the Venezuelan banking system, celebrates its 19th anniversary this Thursday. These nearly two decades have been marked by profound processes of change and growth, all guided by the same purpose: to offer the country innovative products and services that meet the needs of Venezuelans.

“Reaching 19 years with 1,221,000 clients is a direct result of a strategy focused on offering services designed to boost the financial growth of children, teenagers, and adults, as well as entrepreneurs, merchants, and business owners, regardless of their location. This strategy achieved $26.963 billion in transaction volume in 2025,” stated José Simón Elarba, Chairman of the Board of Directors of Bancamiga.

Since its inception, Bancamiga has been a tireless advocate for financial inclusion. Its portfolio has set the standard in the market with solutions that are now commonplace for millions, such as Interbank Mobile Payments, foreign currency account management, and the introduction of contactless point-of-sale terminals, according to a statement from the bank.

One of its flagship products, the Bancamiga Mastercard Debit Card, has transformed the consumer experience by allowing payments in both bolivars and foreign currency, while also facilitating access to streaming platforms and international e-commerce purchases. This offering is complemented by Bancamiga Suite, a mobile application that has evolved to offer practical, functional, and, above all, secure operation through tools such as the Virtual Lock and ID Check.

The value of human capital and trust

For José Simón Elarba, the success of these 19 years lies in the synergy between customer trust and the dedication of a team of 1,351 people, 73 % of whom are women, all committed daily to providing solutions that improve the quality of life for society.

Following this strategy, Bancamiga has installed more than 203,000 modern point-of-sale terminals, which, in addition to providing the basic transaction function, allow users to pay and top up phone and TV services, validate lottery tickets, and play the lottery. This has made Bancamiga the second bank in the financial system with the largest presence of terminals in the national market.

These POS terminals, developed in partnership with Soluciones Integrales Tecnológicas (SITCA), are wireless, Global Band compatible, and feature Wi-Fi, a touchscreen, and allow for electronic, secure, and immediate cashback payments to customers.

There are already 51 Bancamiga branches

In a challenging digital environment, security is the cornerstone of Bancamiga’s innovation. After four years of rigorous work, the institution became the first bank in Venezuela to obtain PCI DSS certification version 4.0, the most demanding global standard for payment card data protection.

This certification confirms that Bancamiga’s processes comply with the strictest international security standards, guaranteeing confidentiality and professionalism in the handling of its users’ sensitive data.

As part of its expansion, Bancamiga opened its 51st branch this year in San Felipe, Yaracuy state, adding another physical service point to its network, which also includes nine non-bank correspondents, one affiliated branch (Viva Supercentro Hypermarket), three external branches (Plumrose, Corpoelec Maracaibo, and the José Antonio Páez University in San Diego, Carabobo state), and the Bancamiga Mobile unit, which in almost three years of operation has traveled more than 40,000 kilometers and is a key element in expanding banking services and reaching a wider audience.

In these 19 years, Bancamiga has not only grown as a bank but has also forged a deep bond with Venezuela through its unwavering commitment to sustainable development. Their Corporate Social Responsibility programs have focused on health, education, the environment, and culture, with training as the driving force behind positive and lasting change in our communities. In 2025 alone, Bancamiga supported 4,061 entrepreneurs with training programs that opened doors for them and transformed their dreams into realities.

“But our true engine of growth has been our human talent, a committed team full of passion for Venezuela. That is, without a doubt, the heart behind our achievements, transforming challenges into opportunities,” concluded José Simón Elarba.

With information and reference images provided by Bancamiga Banco Universal

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Bancamiga formally launched its 2026 training program with the forum “Keys to Transforming and Boosting Your Business.” The event, held at the Pedro Elías Gutiérrez Theater, was attended by more than 300 local entrepreneurs.

The activity, organized in strategic partnership with the Vargas Municipality Mayor’s Office in La Guaira State, provided essential practical and theoretical tools for business sustainability.

Since 2022, the bank’s training program has benefited more than 7,000 Venezuelans nationwide

“For Bancamiga, entrepreneurship is one of the driving forces of the economy. Our goal is not only to offer financial services, but also to support Venezuelans with quality training that ensures their ventures are profitable and sustainable,” said José Simón Elarba, Chairman of the Board of Directors of Bancamiga.

Guided by experts in various fields of management and innovation, participants explored critical areas for business success, such as the purpose of entrepreneurship, in order to define their long-term vision; and their business model and value proposition, to differentiate themselves in the current market. They also learned strategies for connecting with their ideal audience.

Commitment to business development

Promoting entrepreneurship and business development among Venezuelans are fundamental pillars of Bancamiga Banco Universal’s Corporate Social Responsibility strategy. This initiative is part of a robust training program that, since its inception in 2022, has positively impacted more than 7,000 Venezuelans with a business vision throughout the country.

In addition to academic training, participants had the opportunity to learn firsthand about the portfolio of products and services that Bancamiga offers to small and medium-sized businesses.

With this successful event in La Guaira state, Bancamiga reaffirms its commitment to continue traveling throughout the country, providing the necessary tools for Venezuelan talent to transform into solid businesses that contribute to the country’s development.

With information and images provided by Bancamiga Banco Universal

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2025 closed for Bancamiga with results that allowed it to consolidate its position as one of the leading institutions within the large segment, driven by the outstanding annual growth of its assets. As of December, its total assets reflected an annual increase of 631.12 %, positioning it as the second institution with the highest percentage growth within its segment.

Bancamiga’s annual performance was primarily driven by the expansion of its gross loan portfolio, which registered an annual increase of 847.03 %.

Regarding the asset composition as of December 2025, the loan portfolio represented the largest concentration at 39.37 %, registering an annual increase of 9.02 percentage points. This was followed by cash and cash equivalents at 29.67 %; investments in securities at 13.00 %; and other assets, which totaled 17.95 %.

The institution’s total assets achieved an average monthly growth of 18.15 % in 2025, surpassing the averages for the financial system (16.33 %) and the private banking sector (17.33 %). These results strengthen Bancamiga’s position as the seventh-largest bank in the country in terms of asset volume. By December 2025, Bancamiga had achieved a 7.92 % market share in the private banking sector and a 3.63 % market share in the Venezuelan Banking System.

Public deposits

As of the end of December 2025, Bancamiga’s total deposits registered an annual growth of 445.39 %, positioning it as the sixth-largest entity in the Venezuelan Banking System in this category. It also achieved an average monthly growth of 15.41 %, surpassing the 14.90 % of the Venezuelan Banking System and remaining in line with the 15.45 % of the private sector.

Regarding deposits in foreign currency, Bancamiga maintains a prominent position in the market, ranking among the top three private banks in public deposits in foreign currency. The institution holds 15.80 % of private banking deposits and 8.91 % of the Venezuelan Banking System’s deposits, solidifying its position as a leader in this segment.

In December 2025, Bancamiga closed with a level of foreign currency deposits that allowed it to maintain its position for the sixth consecutive month as the bank with the highest proportion of foreign currency deposits within the system, at 59.81 %. On an annual basis, it absorbed 3.57 percentage points from private banks and 1.94 percentage points from SBV (Banco de Venezuela).

Bancamiga’s growth in recent times has been supported by innovative products and services that meet customer needs, and by its commitment to bringing banking services to more Venezuelans, regardless of their location. This is why it promotes special operations throughout the country and travels across Venezuela with its mobile banking service, Bancamiga Móvil.

Structural gap

Bancamiga’s structural gap registered solid annual growth during 2025. It began at 44.18 % at the close of December 2024 and reached 50.43 % at the close of December 2025, representing a net increase of 6.25 percentage points.

This progress positions Bancamiga with a more robust structural gap, strengthening its financial intermediation capacity and operational stability at year-end. The annual increase allowed this growth to place Bancamiga above the banking system and the large banking sector by 10.51 and 11.22 percentage points, respectively, by the end of December.

Equity

Bancamiga closed 2025 as the largest financial institution with the highest relative growth, achieving an annual increase of 1,344.03 %. In contrast, the banking system as a whole showed an increase of 710.84 %, and private banks an increase of 858.95 %, demonstrating the institution’s solid performance and market leadership.

This result was reflected in a capital base that places Bancamiga as the fifth-largest institution in terms of capital within the private banking sector.

At year-end, the institution consolidated a market share of 3.23 % within the SBV (Social Banking System) and 6.64 % in private banking, representing increases of 1.42 and 2.23 percentage points, respectively.

Financial income

By December 2025, Bancamiga’s balance sheet registered a growth of 1,506.53% compared to December 2024, significantly exceeding the growth of the Venezuelan Banking System (SBV). Furthermore, the institution ranked among the top 5 private banks and the top 6 within the SBV.

This performance translated into a market share of 6.48% in the total system and 10.06% within the private sector, reflecting increases of 2.02 and 2.67 percentage points, respectively, compared to 2024.

Net result

Although the Venezuelan financial system showed annual growth of 1,111.3% by December 2025, Bancamiga achieved a relative growth of 18,963.3 %, consolidating its position as the institution with the highest growth within the large banking sector.

Bancamiga also strengthened its market share, reaching 3.16 % in the Venezuelan banking system and 5.81 % in the private banking sector, representing significant year-on-year increases of 2.95 and 5.14 percentage points, respectively.

Additionally, the bank reported a return on equity (ROE) of 88.01 % and a return on assets (ROA) of 16.28 %, indicators that highlight its efficiency and operational strength, according to a statement from the institution.

Information and image provided by Bancamiga Banco Universal

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Starting this Friday, January 9th, Bancamiga Banco Universal customers can obtain the special edition Bancamiga Debit Card with a design alluding to the Divina Pastora.

With this design, Bancamiga celebrates Venezuelans’ devotion to the Divina Pastora (Divine Shepherdess), whose 168th procession will bring together hundreds of thousands of faithful on January 14th, departing from her sanctuary in the town of Santa Rosa and ending at the Barquisimeto Cathedral.

The Divina Pastora Debit Card will be issued exclusively at the following branches: Barquisimeto Centro, in the Crepuscular Shopping Center; Bancamiga Este, in the Ciudad París Shopping Center; and Mercabar, Industrial Zone III, ITC Shopping Center.

Bancamiga offers its clients designs that connect with heartfelt expressions of faith.

With the launch of 3,500 Divina Pastora Debit Cards, Bancamiga aims to provide its clients with designs that connect with expressions of faith, such as those surrounding Saint José Gregorio Hernández, Our Lady of the Valley, and Our Lady of Chiquinquirá.

The Bancamiga Mastercard Debit Card allows you to pay at points of sale both domestically and internationally, withdraw cash from ATMs abroad, make online purchases quickly and with high security standards, and subscribe to streaming services like Disney Plus, Netflix, and Spotify. The Bancamiga Mastercard Debit Card also offers exclusive discounts at partner merchants nationwide.

Available in its Business, Black, Kids, Padel, and Gamer versions, the Bancamiga Mastercard Debit Card is supported by NFC technology, enabling fast and secure one-click payments simply by tapping the card against the point-of-sale terminal. It is even tokenized in Bancamiga Suite, allowing customers to pay simply by tapping their mobile phone against the terminal.

For details on the locations of branches in Barquisimeto where you can pick up the special edition Bancamiga Debit Card featuring the Divina Pastora design, visit www.bancamiga.com, “Find Us” section.

With information and reference image provided by Bancamiga Banco Universal 

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Advances in products and services solidify Bancamiga as a solid and innovative private entity. At the close of 2025, the institution celebrates significant milestones in expansion, technological modernization, and security.

According to a corporate statement from this private banking organization, the following is a list of the ten milestones that have marked its growth in 2025:

1. Solutions for the business sector

The Mastercard Business Card has become a key tool for small, medium, and large businesses. It simplifies expense management and cash flow, offering benefits such as insurance and the Easy Savings Specials program, which includes training tools, planning resources, and exclusive discounts.

2. Two years traveling the country

Bancamiga Móvil celebrated its second anniversary of bringing banking services to Venezuela. In 2025, the Fuerza Móvil team traveled to more than 13 states, opening 19,275 accounts, selling 641 point-of-sale terminals, and adding 214 new corporate clients.

3. The one million customers and 18 years of history

A symbol of Bancamiga’s exponential growth was reached on March 20th with the historic milestone of its one millionth customer. This was a 19-year-old resident of Guatire, Miranda state. This achievement coincided with the institution’s eighteenth anniversary of operation.

4. Cutting-edge security and data protection

The Bancamiga Suite application remains at the forefront with NFC technology for mobile payments (via Switch 7B) and the ID Check system, a verification code that ensures the security of online purchases. To strengthen this ecosystem, the bank launched its first series of cybersecurity talks, educating customers on the importance of always accessing the platform through the official domain, https://www.bancamiga.com, to prevent fraud.

5. Leadership in point of sale (POS) terminals

The institution has made progress toward its goal of 200,000 point-of-sale terminals in the market. Devices such as the AMP 8200, AMP 8400, MPOS 2200, Aisino A75, and A80 offer contactless technology, recharge management, bill payment capabilities, and Wi-Fi connectivity.

6. Boosting banking through kids accounts

The stability of the customer portfolio was strengthened through special weekend operations, notably the Kids accounts promoted on Children’s Day and Christmas. In just 10 Saturdays, 18,821 children and teenagers were brought into the banking system. Additionally, 6,875 adult accounts were opened, of which 4,097 were in foreign currency and 63 in pesos.

7. Gamers card

Bancamiga launched the first card for gamers in partnership with Xtreme E-Sport Arena. This card offers special benefits, including discounts on registration fees to compete in high-performance technology venues.

8. Inclusive innovation

This year, the institution launched new card designs with the Touch Card system. These cards incorporate distinctive indentations (round for debit, angular for credit, and triangular for prepaid) that allow for tactile identification for people with visual impairments. The Bancamiga Debit Card offers NFC technology, which facilitates international purchases and allows subscriptions to streaming services.

9. Digital fare collection with Movi

Innovation has arrived in public transportation with the launch of Movi by Bancamiga. This application facilitates the collection and payment of urban fares by scanning QR codes, optimizing the interaction between drivers and passengers digitally.

10. Branch network expansion

Bancamiga inaugurated its 51st branch on December 29, marking its arrival in the state of Yaracuy. Additionally, the Lido branch evolved from an external sales point to a full-fledged branch, and the La Rinconada branch was relocated to the Los Próceres Shopping Center in Caracas.

2025 has been a year of profound transformation for Bancamiga, where technological innovation and social commitment have come together to redefine the financial experience in Venezuela.

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Information and images provided by Bancamiga Banco Universal

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Bancamiga reinforces its business development program with the virtual forum Digital Revolution: AI-powered marketing strategies for entrepreneurs, which will take place on Thursday, April 25, from 10:00 am to 12:00 noon, with the participation of Joco González, expert consultant in business and digital transformation of companies.

The forum is totally free for participants and was designed to open Bancamiga’s business development training program to entrepreneurs throughout the country, starting this new stage with content that allows them to better take advantage of the most advanced tools that technology offers. to boost their small businesses.

The president of the Board of Directors of Bancamiga Banco Universal, Carmelo De Grazia, indicated that in a world where technology advances by leaps and bounds, entrepreneurs need to be up-to-date with the most innovative trends to remain competitive.

The Digital Revolution conference: AI-powered marketing strategies for entrepreneurs is an unmissable opportunity for those seeking to transform their marketing strategies using the power of artificial intelligence, said Joco González, facilitator of the meeting.

Bancamiga free virtual forum

This training activity will offer a detailed and accessible exploration of current trends in digital marketing, providing a solid foundation in the fundamentals of AI. Participants will learn how artificial intelligence is redefining content creation, providing innovative and efficient solutions that can be directly applied to marketing strategies.

During the meeting, participants will have the opportunity to ask questions, clarify their doubts and obtain personalized advice.

With more than two decades of experience in the area, Joco González is a specialist in digital business and electronic commerce, among other areas. He serves as CEO of Zuliatec, a digital transformation company with more than 7 years in the market.

People interested in participating in the virtual forum “Digital revolution: AI-powered marketing strategies for entrepreneurs” must register at https://www.bancamiga.com/ and complete the registration form to obtain the link that will allow you to enter to the conference at no cost.

With information and image provided by Bancamiga

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Bancamiga opened the call for people interested in participating in the Entrepreneurship Route program, a business development methodology of the United Nations Development Program (UNDP) that provides training services and specialized technical advice to enterprises, micro, small and medium enterprises (MSMEs).

For owners of productive units with one and three years of operation, dedicated to production, commerce or services (preferably technology-based), the Entrepreneurship Route program is an alternative with proven effectiveness to optimize businesses that have growth potential. Entrepreneurs from other Latin American countries have confirmed the effectiveness of this program.

Carmelo De Grazia, president of the Board of Directors of Bancamiga Banco Universal, celebrates “the cooperation alliance with the UNDP in Venezuela for the second consecutive year, which will allow it to strengthen training initiatives for Venezuelans as part of its social responsibility policy, to contribute to the economic growth of the country.”

The methodology developed by the UNDP and transferred to Bancamiga for implementation in Venezuela has a limited quota: 40 enterprises or MSMEs interested in developing their capabilities and growing their businesses in the short term will be selected.

A statement from the banking institution informs that the program, which lasts approximately nine months, is completely online, so participants must have a stable internet connection and access to their own or third-party computing equipment, as well as availability of 6 hours a week minimum for training or consulting processes. In addition, they must have basic knowledge of Office applications (Word, Excel and Power Point).

Contents of the training and consulting program

“Entrepreneurship Route” trains and accompanies participants based on the level of consolidation of each business initiative, with the purpose of promoting their productive and commercial management with criteria of sustainability over time.

In the first part of the program, participants train in Human Skills for entrepreneurship, which include aspects such as relational styles, personal and business emotions, communication styles, team management, situational leadership, negotiation and management. of conflicts.

The second training block focuses on the different aspects of the Business Model and group consultations are carried out to help entrepreneurs in the development of products or services, profile the client and define the market segment, establish the value proposition, as well as developing and testing the minimum viable product, among others.

Once their business model has been defined, the teams of the participating companies have the opportunity to deepen their knowledge on essential Marketing and Commercialization topics; Accounting and Finance or Strategy and Operations, in order to achieve a better fit of your commercial offer in the market.

Strategic alliance between Bancamiga and UNDP

Since 2022, Bancamiga and UNDP Venezuela have an institutional cooperation agreement for the consolidation of joint strategies to provide financial and non-financial services to national entrepreneurs and small business owners, as well as make joint efforts to contribute to the achievement of the Goals of Sustainable development.

Last year, the strategic alliance allowed Bancamiga to put into practice another methodology of the multilateral entity called “En Marcha Digital”, which increased the digital capabilities of 80 small productive units. This 2024, giving continuity to the established agreements, the Entrepreneurship Route will be implemented, a methodology that will allow expanding the non-financial services offered by Bancamiga to Venezuelan entrepreneurs and MSMEs.

Those interested in participating in the Entrepreneurship Route can do it until April 15 by entering www.bancamiga.com and completing the registration form. People who register may be contacted to verify the information provided.

With information and reference image provided by Bancamiga and the UNDP

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In an effort to accentuate its presence in the west of the country, bank more Venezuelans, position its brand and promote the sport for its intimate relationship with well-being and quality of life, Bancamiga participated in the fourth edition of the Gran Fondo Collado del Condor, in the state of Mérida, an event that brought together more than 1,000 cyclists from all over Venezuela.

The presence of Bancamiga touched on several lines of action that included sponsorship, realization of an operation to open accounts and deliver the debit card, hydration point and support five kilometers from the finish, and the participation of a team of collaborators, accompanied by Ambassador Amanda Dudamel, who covered 42 kilometers starting at 2,206 meters above sea level. A few days before, Dudamel accompanied the Executive President Ariel Martínez and the Director Alberto Camardiel, in the Conecta2 program which also made reference to the cycling event from Mérida.

This Saturday, the competitors in the four distances that were in dispute faced a demanding route, in a heavenly atmosphere that changed according to altitude. The 125 kilometres started from Estanques at 456 m asl; 80 km from Mérida at 1,630 m asl; 42 km from Escagüey at 2,206 m asl and 26 km from Mucuchíes at 2,983 m asl.

The president of the Board of Directors of Bancamiga, Carmelo De Grazia, said that the institution is committed to promoting sport in the country, especially when it benefits communities that drive the economic and tourism development of the country, such as, in this case, those of the state of Mérida.

“The Gran Fondo Collado del Cóndor has been a great opportunity to position the brand and bring Venezuelans closer to our innovative products and services. During Thursday and Friday we were with an operation at the Belensate Hotel, which allowed the inhabitants of Merida, as well as competitors and relatives to open their accounts with us, and learn about our financial facilities,” he said.

Triumphs with records

From the support point of Bancamiga, five kilometers from the finish, each of the cyclists could be seen on their way to the finish at almost 4,200 meters above sea level, one of the most emblematic places of the Venezuelan Andes. They passed by exhausted, almost unable to speak but all with the only desire to reach the top.

And the first to do so in the longest and most demanding event of this fourth edition, the 125 kilometers, was Alfonso Márquez, who had just won in 2023 with 6 hours 17 minutes. This year he did it with record time at 6 hours.

“I end with emotions in the flesh. If you catch me coming, you get me crying. This is an event that brings me a lot of nostalgia and is by far the best in the country. I’m just looking forward to next year’s. I thank Bancamiga for helping to make it happen.”

He said that during the long journey from Estanques he thought a lot about a phrase of his brother: “Happiness is a way to travel to a destination. That’s why I always go happy.”

In women’s, Marlene Goncalves also repeated. He said he felt “super good” and that the hardest part of the competition was the lack of oxygen after the 2,500m, which definitely affects your performance. “Height makes this very difficult,” he added.

The young cyclist invited other women to try and start with small distances. “The challenge is to overcome yourself. My goal was to improve my time and I managed to finish in 6h22 minutes (6h58m in 2023). This is a competition against yourself. And thanks to Bancamiga for their support.”

A unique experience

Among the 1,000 participants was a team of Bancamiga and allied companies formed by Alberto Camardiel, Jonel Reyes, Ángel García, Rodolfo Aponte, Carlos Rosales, Gustavo Gómez, Daniel Torres, Jhonny Frías, Francisco Vásquez and Thomas Silveira.

Ángel García, director of Planning and Budget, was doing so for the first time. He said that “it was more of a personal challenge than competing. As the world’s largest ascent by bike, reaching Collado del Condor is an unforgettable experience.”

“Last year I wanted to come but I wasn’t ready, so from March 2023 I started shooting and from August on a more consistent basis. We did it on weekends and sometimes during the week.”

He said he loved cycling, because it is a discipline that is synonymous with health, because it strengthens the cardiovascular system, muscles, allows to see spectacular landscapes and provides the opportunity to share and forge new groups of friends.

Another member was Rodolfo Aponte, manager of Financial Operations and with nine years in cycling. He indicated that he came again to do the 125 kilometers, after the hard experience of last year.

“Reaching the Condor is unforgettable. This year I felt better and that was because I had more experience, I knew the route better and I had better training.”

One who debuted was Daniel Torres, Human Management Compensation and Benefits Coordinator. He was drawn to participate for several reasons, including “their beautiful landscapes.”

“My family is from Boconó, Trujillo state, which, like Merida, has spectacular places. I’ve always wanted to ride a bike through the Andean moors. I couldn’t do it in 2023 and my sports plan was 80 km.”

On this occasion, the Bancamiga team was accompanied by the institution’s ambassador Amanda Dudamel. With her medal in hand she said that “this is a triumph of the Bancamiga team and of the whole of Venezuela. Today we show that together we are a team.”

While thanking her partner (Daniel), who also did the 42 kilometers and had to face some setbacks, the former universal viceroy of beauty and entrepreneur said that “one of the lessons that this challenge leaves us is the ability to fall, get up and overcome obstacles.”

With information and images provided by Bancamiga Banco Universal

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