The Venezuelan government activated the network of public health centers to provide assistance to those injured and seriously wounded in the earthquakes that occurred late Wednesday afternoon, June 24.

According to a statement from the Ministry of Health, eight public hospitals and twelve clinics were activated to treat those affected by the earthquake on June 24. The measure covers the most affected states: Capital District, La Guaira, Miranda, Aragua, Carabobo, and Falcón.

All health centers will be operating at maximum capacity to receive those affected by the earthquakes.

 

Ver esta publicación en Instagram

 

Una publicación compartida por Ministerio del Poder Popular para la Comunicación e Información (@mincomunicacion_ve)

M.Pino

With information from national media and social networks

(Reference image source: César Badilla Miranda on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuelan government activates national hospital network to assist those affected by earthquakes apareció primero en Bitfinance.

It is in difficult times that the value of solidarity is demonstrated. In response to the powerful earthquake that shook the country on June 24, leaving hundreds of families homeless and causing severe structural damage, Bancamiga has stepped forward to become a bridge of direct support between Venezuelans and those who need it most.

Starting this Friday, and throughout the weekend (Saturday and Sunday), the financial institution will conduct its normal operations at 31 of its branches nationwide, which will also serve as collection centers.

This weekend, from 9:00 a.m. to 3:00 p.m., the branches will not only maintain their regular customer service, but will also receive donations for affected families, including drinking water, non-perishable food, personal care products, sleeping mats, blankets, clothing in good condition, and medicine.

The following branches will be open to all customers and citizens who wish to contribute: Sabana Grande, Las Ibarras, Puerto Cabello, Valle de la Pascua, Calabozo, Santa Teresa, El Tigre, Puerto La Cruz, Lechería, Upata, Puerto Ordaz, Ciudad Bolívar, Unare, Maturín, Maturín Centro, Cumaná, Barinas, Coro, Barquisimeto Este, Barquisimeto Centro, Mercabar, El Vigía, Mérida, Guanare, Acarigua, Barrio Obrero, San Cristóbal, Valera, Maracaibo Norte, Ciudad Ojeda, and San Francisco.

Bancamiga: Financial relief in Times of Crisis

Understanding that the emergency also requires immediate solutions to facilitate the daily lives of the population, Bancamiga activated a series of economic relief measures starting this Thursday.

Among the most notable actions is the temporary waiver of fees for all Mobile Payment transactions of Bs. 150,000.00 or less. This benefit was also applied to the Solución Amiga service, allowing Venezuelan families to receive remittances and income from abroad immediately and without any deductions.

Furthermore, to ensure that commercial activity and supply do not stop in the affected areas, the bank is maintaining the full continuity of its operations. Transactions at businesses with point-of-sale (POS) terminals continue to be processed as usual, ensuring cash flow for establishments and safeguarding the distribution chain of essential goods.

With these actions, Bancamiga reaffirms that its commitment goes beyond banking services: it is an alliance with the life, well-being, and future of every Venezuelan, guaranteeing that its channels remain open and at the service of the people when the country needs them most.

Information and images courtesy of Bancamiga Banco Universal

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Bancamiga waives fees and its branches serve as collection centers apareció primero en Bitfinance.

In light of the current circumstances affecting the country following the earthquakes that occurred on the afternoon of June 24, the financial institution remains active, attentive, and diligent in serving its clients and Venezuelans in general.

“Given the current emergency situation, Bancamiga informs that all mobile payment transactions up to Bs. 150,000.00 will be temporarily commission-free, in order to facilitate transactions and support the community,” states a brief press release.

Bancamiga Banco Universal has also announced the following on its social media:

Furthermore, Bancamiga will make its network of branches available to citizens and communities as collection centers to receive aid safely and organize donations.

Juntos, con empatía y compromiso, saldremos adelante.

A partir de este 25 de junio, tras confirmar que nuestras instalaciones se encuentran en perfectas condiciones y listas para recibir ayuda de forma segura, transformaremos nuestra red de agencias en centros de acopio. pic.twitter.com/pukAxLUsn7

— Bancamiga Banco Universal (@bancamiga) June 25, 2026

Likewise, Bancamiga Banco Universal has reported and confirmed complete normality in the settlement of transactions through its points of sale.

Queremos dar un parte de tranquilidad a todos nuestros aliados comerciales: la liquidación de sus transacciones a través de nuestros puntos de venta se está realizando con total normalidad y de forma habitual. pic.twitter.com/pnorgOxB42

— Bancamiga Banco Universal (@bancamiga) June 25, 2026

Information from social media / Bancamiga Banco Universal

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Bancamiga reports complete normality in transaction settlement and maximum solidarity with Venezuelans apareció primero en Bitfinance.

Data published by the Central Bank of Venezuela this Monday, June 22, reflects that Venezuelan oil exports reached $5.491 billion during the first quarter of the year.

This figure represents a 21 % increase compared to the same period in 2025, when the country received $4.518 billion.

According to the regulatory body, “the balance of payments, which breaks down income by sector, in a context marked by Venezuela’s opening to new investments,” promoted by the United States, which earlier this month indicated that exports reached 1.25 million barrels per day (bpd), the “highest level this Caribbean country has recorded in seven years.”

In this regard, John Barrett, Chargé d’Affaires of the Donald Trump Administration, said at the time that the increase in oil exports “was the result of the three-phase plan of Secretary of State Marco Rubio and the President”; that is, stabilization, recovery, and transition.

M.Pino

Source: alnavio

(Reference image source: WORKSITE Ltd. on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Oil export revenues from Venezuela reach $5.491 billion in the first quarter apareció primero en Bitfinance.

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

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Bancamiga’s equity has grown the most in the banking sector over the last year apareció primero en Bitfinance.

Venezuela and Brazil strengthen bilateral trade. In a recent meeting of government representatives, both countries analyzed topics such as the transportation sector and vehicle imports.

In this regard, “during a meeting between the Minister of Foreign Trade, Johann Álvarez Márquez, the Brazilian Ambassador to Venezuela, Glivania Maria de Oliveira, and Alex Giacomelli, Ambassador and Secretary of Trade Promotion of Brazil, the officials evaluated mechanisms to accelerate bilateral trade, especially in the sale of vehicles.”

For both nations, the automotive and transportation sectors are key to trade, in addition to the modernization of customs regulations.

At the meeting, both delegations “agreed to expand the trade balance with a promotional agenda, including trade fairs and the development of joint value chains with Colombia to supply domestic and regional markets, the Ministry of Foreign Trade reported.”

M.Pino

Source: bancaynegocios

(Reference image source: Rob Dean on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuela and Brazil work to intensify trade apareció primero en Bitfinance.

Next Wednesday, June 24th, is a national holiday, commemorating the anniversary of the Battle of Carabobo.

According to the country’s legislation, it is a non-working day, so workers will not be reporting to their jobs, including those in the banking sector. Branches will remain closed and will reopen on Thursday, June 25th.

The recommendation for banks is to make transfers and payments as of June 24th in advance to avoid service interruptions and other inconveniences. However, it’s important to remember that users of the national banking system can use each institution’s digital channels for immediate payments, transfers, balance inquiries, and peer-to-peer payments. They can also use ATMs for various transactions and pay at businesses with their debit and credit cards.

To find out about upcoming banking days and national holidays, you can consult the official website of the Superintendency of Banking Sector Institutions of Venezuela Sudeban.

M.Pino

(Reference image source: Timon Studler on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Wednesday, June 24th is a national holiday apareció primero en Bitfinance.

The Vice Minister of Marketing and Food Production, Francisco Fonseca, recently stated that Venezuela currently has a 100% food supply.

According to the official, supermarket shelves are fully stocked, offering greater availability of products and brands in the national market.

Fonseca stated: “Today we can speak of 100 % shelf supply,” the official maintained, attributing this situation to policies implemented by the National Council for Productive Economy.

The Vice Minister highlighted the effectiveness of state-run food distribution programs such as the Sovereign Field Fairs, the Mercal stores, and the network of the Venezuelan Food Production and Distribution Company (PDVAL).

According to Fonseca, the country currently has sufficient capacity to supply the domestic market with animal protein and also projects exports to neighboring countries. “Venezuela has the capacity to export all its animal protein to neighboring countries because we already have a significant market supply,” he added.

He noted that “domestic chicken production closed 2015 at 294,000 tons, while the goal for this year is to reach 330,000 tons, according to the balance of the first five months.”

M.Pino

Source: elpublicotv

(Reference image source: FitNish Media on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuelan government guarantees 100 % food supply apareció primero en Bitfinance.

A new set of licenses was announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on June 10. The resolutions expand and update the authorizations for energy and mining operations related to the country.

Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A immediately supersede the previous versions published between February and March of this year.

“Among the most relevant changes, OFAC authorized new operations related to the export, marketing, and transportation of Venezuelan oil and petrochemical products to the United States.”

According to the announcement, the benefit covers U.S. companies established before January 29, 2025. “License 50B also ratified permits for transnational corporations such as Chevron, Repsol, Shell, BP, Eni, and Maurel & Prom for activities related to the Venezuelan oil and gas sector.”

On the other hand, license 47A authorizes the export of diluents to Venezuela, and license 48B authorizes the “supply of technology, software, equipment, and services for oil, petrochemical, and electrical projects within the country.”

In the mining sector, operations related to Venezuelan minerals, including gold, are being made more flexible through licenses 51B and 54A, which will allow the export, transport, processing, and supply of goods linked to mining activities under strict oversight mechanisms and periodic reporting.

M.Pino

Source: puntodecorte

(Reference image source: Shane McLendon en Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada OFAC issues new licenses for oil, gas, and gold trading in Venezuela apareció primero en Bitfinance.

The Venezuelan state oil company PDVSA signed a memorandum of understanding with Spain’s Repsol on Tuesday, June 16, in the oil and gas sectors as part of the national strategy to recover productive capacity and attract investment.

 

Ver esta publicación en Instagram

 

Una publicación compartida por GOBIERNO DE CARACAS (@gobdecaracas)

“The agreement was signed at Miraflores Palace by Héctor Obregón, president of PDVSA, and Francisco Gea Pascual de Riquelme, executive director of Exploration and Production at Repsol. Josu Jon Imaz, the company’s CEO, also participated and highlighted the company’s more than three decades of experience in the country.”

Repsol is expected to work jointly with PDVSA to reach new technical and commercial agreements.

M.Pino

Source: finanzasdigital

(Reference image source:  Social Network X, @PDVSA)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada PDVSA and Repsol sign memorandum of understanding on oil and gas in Caracas apareció primero en Bitfinance.