Providing innovative services and products is one of the drivers of Bancamiga’s growth, and which enabled it to increase its total deposits by 214.41 % in May 2025 compared to the same period in 2024.

This increase allowed Bancamiga to reach a market share of 5.38 %, ranking sixth in the ranking National. In year-over-year terms, reaching 214.41 % in total deposits exceeded the variation reflected by private banking and the Venezuelan Banking System (SBV).

For Bancamiga, this figure is the result of the efforts of more than 1,000 employees, whose dedication and commitment seek to respond to the needs of Venezuelans with friendly and secure financial solutions.

Within the range of deposits from the public, foreign currency stands out, a sector where Bancamiga ranked among the top three in private banking year-over-year, with an absorption rate of 12.88%. In May, it was the bank with the highest proportion, at 52.42 %.

Loan portfolio on the rise

Deposits from the public are tied to countless business strategies that made it possible to surpass one million clients in just 18 years. Operations are a key element of this strategy, and in May, one of its key banking initiatives reached its second anniversary in Venezuela: Bancamiga Mobile. In these 24 months, the Fuerza Móvil team traveled to 13 states and participated in 128 operations to support Venezuelans on their path to financial inclusion.

The performance of its loan portfolio in May was notable. The gross loan portfolio grew 452.95 % year-over-year, positioning Bancamiga as the sixth banking institution with the largest loan portfolio in the country, with a 6.02 % market share of the banking system and 9.14 % of the private sector.

When analyzing the delinquency rate, Bancamiga’s portfolio also stands out for its quality, registering a delinquency rate of 1.29 %, lower than the SBV average.

These achievements in customer acquisition and loan portfolio growth go hand in hand with the vision that drives Bancamiga’s employees to be the best and largest private bank in the country, recognized for its digital platform and financial strength, offering a unique experience that blends quality of service with the efficiency of the banking of the future.

With information and reference image provided by Bancamiga Banco Universal

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La entrada Bancamiga’s total deposits increased by 214.41 % apareció primero en Bitfinance.