Bancamiga registered the highest equity growth in the Venezuelan financial system over the last year, a result that allowed it to gain a position in the ranking and consolidate its place among the 10 largest banks in that category at the end of May, occupying seventh position, according to figures from the consulting firm Aristimuño Herrera & Asociados.

The bank’s equity reached 57.317 billion bolivars, equivalent to US$104.3 million, representing year-on-year increases of 1,038.7 % and 98.7 %, respectively. This performance propelled it to seventh place in the ranking, up from eighth a year earlier. With this result, Bancamiga achieved a market share of 3.6 % in this category.

This strengthening of its equity was accompanied by a sustained improvement in profitability indicators. Return on equity (ROE) reached 49.6 %, a year-on-year increase of 38.7 percentage points (above the average), allowing it to climb six positions compared to its ranking in May 2025.

Meanwhile, return on assets (ROA) reached 10.8 %, an increase of 9.3 percentage points compared to May 2025. Year-on-year, Bancamiga climbed eight places in this category.

The institution also accumulated a net profit of 9.791 billion bolivars (US$23.2 million), the sixth highest among Venezuelan banks, after climbing seven positions from its ranking in May of last year. In bolivars, the accumulated profit showed an annualized growth of 6,187.3 %, and in dollars it was 1,002 %, both higher than the system average.

This progress was supported by total accumulated financial income of 36.431 billion bolivars, equivalent to US$86.4 million, with increases of 770.7 % and 53 %, respectively.

The loan portfolio remained among the six largest in the banking sector

Bancamiga’s gross loan portfolio closed May with a balance of 96.888 billion bolivars (US$176.4 million), an amount that allowed it to maintain its sixth position in the banking ranking and a market share of 4.69 %.

In bolivars, the portfolio registered year-on-year growth of 588.9 % and 21 % in dollars, remaining one of the main drivers of revenue generation for the institution. In fact, the loan business represented 65.1 % of total revenue at the end of May.

Financial intermediation reached 45.88 %, while the delinquency rate stood at 2.66 %, with a coverage ratio of 152.92 % for non-performing loans, reflecting an adequate capacity to support loans with defaults.

Deposits grew by nearly 750 % in dollars

Figures from Aristimuño Herrera & Asociados indicate that Bancamiga ended May with public deposits of 211.197 billion bolivars (US$384.4 million), maintaining its sixth-place ranking and a market share of 4.96 %.

In foreign currency, deposits increased by 48.2 % compared to the same month of the previous year, and by 749.6 % in bolivars during the same period. The deposit structure continued to be concentrated in checking accounts, which represented 98.6 % of the total, while savings accounts accounted for 0.14 %.

In May, Bancamiga opened a new branch at the Tamanaco Shopping Center (CCCT), expanding its customer service points. The new space will allow users and businesses to open accounts in bolivars and foreign currency, acquire point-of-sale terminals, apply for Mastercard debit cards, and receive credit advice.

This space represents a step forward in the company’s role as a close partner for individuals and businesses, reaffirming its commitment to offering accessible and innovative financial solutions as it approaches its 20th anniversary.

Assets grew 64 % in dollar terms

At the end of May, Bancamiga Banco Universal reported total assets of 321.519 billion bolivars, equivalent to US$585.3 million, representing year-on-year increases of 830.2 % and 62.3 %, respectively, both above the average for other banks.

This performance allowed the institution to advance to seventh place in the asset ranking from eighth position a year earlier, with a market share of 3.93 %.

With information from Banca y Negocios, consulting firm Aristimuño Herrera & Asociados, and Bancamiga Banco Universal

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Brazil launched the “Janela Única de Investimentos” (Single Investment Window) portal, through which it will seek to attract international investment, reduce licensing procedures, and facilitate business creation.

According to the government announcement, the portal centralizes all the services, opportunities, and guidance needed for investors, promising to “reduce the time required to obtain licenses and documents by 35 %, in addition to increasing the volume of international resources by 12 %.”

The tool is structured around three main areas: “services for investors, provision of data and statistics, and promotion of the benefits that Brazil offers to investors.” It is planned to facilitate the opening of companies, investor visas, and support for key sectors such as biofuels and infrastructure. Furthermore, services related to patents and social security are expected to be included in the future.

In this regard, Vice President and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, stated that the country will be more attractive to global investors and added: “We are firmly committed to reducing costs, timelines, and bureaucracy, to providing tax breaks for investments, and to making life easier for those who want to produce and generate wealth, employment, and income in the country.”

In addition to this technological initiative, a decree was signed creating a program to offer legal assistance to international investors in the South American nation.

M.Pino

Source: tvbrics

(Reference image source: Gabriel Xavier on Unsplash)

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Venezuela’s interim president, Delcy Rodríguez, formalized this week cabinet changes that were approved last month and so far in February. In this regard, Juan Francisco Escalona Camargo has been appointed as Director General of the Decentralized Service for the Special Fund for Human City, and Luis Alfredo Mota Domínguez will be the Director General of the Decentralized Service for the First Black Fund, as indicated in Official Gazette No. 43,313 dated February 9, 2026.

Also, and according to Official Gazette No. 43,314 dated February 10, Aurelix Johana Salcedo Medina was appointed as the new President of the National Council for Persons with Disabilities (CONAPDIS), and Carolina Rojas Hernández as President of the José Gregorio Hernández Mission Foundation.

Similarly, Fred Ángelo Bruno was assigned to the Human Resources Office Management of the National Institute of Culture (INAC), and a new board of directors was appointed for Hidroven. Meanwhile, the “new Commission for the Divestment of Public Assets of CANTV” was appointed, and Major General Ángel Daniel Balestrini Jaramillo was designated as Director General of the Office of the Ministry of Popular Power for Defense, to sign documents related to their functions.

Within the Ministry of Foreign Trade, key changes were also implemented to strengthen the national economy. In this regard, through “Presidential Decree No. 5,245, published in Extraordinary Official Gazette No. 6,984 dated February 9, 2026,” Andreína Tarazón Bolívar assumed the position of Vice Minister of International Trade Policy.

The decree of the National Executive “also establishes significant changes in critical areas for foreign exchange earnings. Johann Carlos Álvarez Márquez assumes the position of Vice Minister of Export Promotion.”

Finally, through Official Gazette No. 6,984, the presidency appointed Coromoto Godoy Calderón as president of the Export Promotion Agency S.A.

M.Pino

Source: ultimasnoticias

(Reference image source: Wolfgang Weiser on Unsplash)

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Receiving funds from abroad securely, easily, and quickly is a necessity for many Venezuelans. Bancamiga’s Solución Amiga makes this possible by allowing its customers in Venezuela to receive funds that are immediately credited to their Bolivar account.

This service is ideal for individuals and businesses. It’s also for those who receive contributions from companies, family, friends, or freelancers who have a Bancamiga Mastercard Debit Card.

The process is very simple. The Bancamiga customer generates a link (funds request) from Bancamiga Online (www.bancamiga.com) or Bancamiga Suite and sends it to the sender abroad, who must have an international credit or debit card to complete the transaction.

With Solución Amiga, customers can receive remittances of up to $2,500 per transaction, with a monthly limit of $6,500. The process involves transactions validated by Bancamiga’s transaction monitoring team for added security.

The funds received are immediately converted to bolivars at the Central Bank of Venezuela (BCV) exchange rate, and the beneficiary in Venezuela does not pay any commission for receiving the money. The sender pays the commission.

With Solución Amiga, Bancamiga reaffirms its commitment to customer convenience and meets a need easily, quickly, and securely, according to a statement from the institution.

Information and image provided by Bancamiga Banco Universal

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This alliance represents a firm step in the consolidation of an exclusive benefit designed specifically to reward consumer trust and preference at all Traki branches nationwide.

The Bancamiga-Traki Card is designed exclusively for use within Traki stores nationwide, ensuring that every purchase made in these spaces contributes to a personalized shopping experience full of benefits, explains a statement from the banking institution.

Shopping experiences that value and reward customer loyalty

– Applying for this card is quick and easy. Users must prove they are “Trakilovers”; that is, regular customers of Traki stores, demonstrating their continued preference over time. They must then complete an application form with their ID, Tax Identification Number (RIF), and their last three bank statements. From there, Bancamiga will manage the process to deliver the card directly through Traki branches, ensuring convenient and accessible service.

The partnership between Traki and Bancamiga reaffirms their commitment to providing shopping experiences that value and reward customer loyalty.

With information and reference images provided by Bancamiga Banco Universal and Traki

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La entrada Bancamiga and Traki join forces to provide exclusive benefits for your holiday shopping apareció primero en Bitfinance.

Bancamiga was once again present at the 2025 International Telecommunications Fair (Fitelven), held from September 17 to 21 at the Poliedro de Caracas. This time, the bank highlighted its latest innovations to ensure customers can use its services securely.

In an attractive and well-equipped booth, located on the upper level of the iconic Caracas venue, attendees at the event explored related topics and expanded their knowledge about banking security, including solutions such as Virtual Lock, ID Check, and 2FA (two-factor authentication).

Three solutions, resources, or mechanisms that protect Bancamiga customers

The Virtual Lock is a mechanism that prevents third parties from using your information to make online purchases. It must be activated before any online purchase with a Bancamiga card. Once the purchase is completed, it is automatically deactivated.

Another security protocol promoted by Bancamiga for online shopping is ID Check. This is an additional authentication layer that confirms that the person making the purchase is the actual cardholder.

After entering the card details during the purchase process, the website will request verification using a code generated in Bancamiga Suite. Simply access the Bancamiga app, select the ID Check option, and choose “Generate Code.”

At the Bancamiga booth at Fitelven, visitors also learned about the benefits of 2FA or Google Authenticator, a security method that adds a second layer of verification to your account, in addition to the password. When you attempt to log in, the authenticator generates temporary codes that you must enter to confirm your identity and access your account.

Carlos Velásquez Valero, Information Security Manager at Bancamiga, personally addressed visitors and media representatives, answering questions and providing further details and preventive recommendations.

For Bancamiga, protecting the security of its transactions is paramount, and the bank strives to implement mechanisms that safeguard its clients.  It also regularly shares security tips through its communication channels, including the following:

1. Create strong passwords and never reuse them. Do not use your date of birth, personal information, or consecutive numbers. Use a combination of uppercase and lowercase letters, numbers, and symbols. Never use the same password for your email or social media accounts.
2. Do not share your personal information. Bancamiga will never call or email you to request your password, card number, or other personal information.

As in previous years, Bancamiga had its mobile branch at Fitelven 2025, a unit that has been traveling throughout the country for two years, providing banking services to Venezuelans. This offered a great opportunity for those interested to open accounts in bolivars and foreign currency, obtain a Bancamiga Debit Card, or purchase their modern point-of-sale terminals.

With information from Bancamiga and on-site coverage of Fitelven 2025 by EL SUMARIO Media Group

Video production: Jesús Ramírez / Ida Febres

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In its most recent Monthly Index of Economic Activity (Imacec), the Central Bank of Chile reported economic growth of 2.5 % in April.

This percentage is above the estimates from the latest Economic Expectations Survey (EEE), which predicted a 2.10 % growth in activity.

“The new Imacec result was explained by the growth of all its components, with the performance of mining and services standing out, while the seasonally adjusted figure was decisive for mining,” according to the report, which also cites the non-mining Imacec, placing it at 1.8 %, while the seasonally adjusted figure rose 0.3 % in one month and 2.4 % in twelve months.

The production of goods and services showed annual growth of 4.6 %, while trade grew 3.9 % annually. The automotive sector saw the highest vehicle sales. “The seasonally adjusted figures showed a contraction of 0.5 % compared to the previous month, impacted by the results of wholesale and automotive trade.”

M.Pino

Source: biobiochile

(Reference image source: Michelle Celedon on Unsplash)

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