August | 2023
About us Q2-2023
Banesco International and ABANCA About us
Banesco International, operates in the United States and Latin America, with presence in 6 countries, under four independent financial companies: Banesco Panama, Banesco Dominican Republic, Banesco USA and Banesco Venezuela.
The main shareholder of Banesco International is the banker and economist Juan Carlos Escotet Rodriguez, who is also the largest shareholder of Grupo ABANCA, an independent financial entity based in Spain.
Holdings
ABANCA International Presence:
Service companies
Germany, Brazil, Spain, United States, France, Mexico, Panama, Portugal, United Kingdom, Switzerland, Venezuela
Operating companies
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Banesco International and ABANCA History and Expansion In addition to its natural organic growth, Banesco International is the result of more than 20 mergers and acquisitions.
Third stage: EXPANSION
First stage: THE BIRTH OF A BRAND
Second stage: INTERNATIONALIZATION
More than 36 years in the banking, insurance and payment businesses
Banesco International was originated in Venezuela in 1986 with the creation of Escotet Casa de Bolsa. It began its activity in the Venezuelan banking sector in 1991 through the acquisition of Grupo Bancentro, later called Grupo Banesco.
The internationalization process began with the establishment of operations in Panama and Puerto Rico, during 1992 and 1993, and continues to date.
In 2006, Banesco USA was founded, and in 2019 acquired Brickell Bank. Expansion continues in America with the opening in Dominican Republic in 2011 and the purchase of SFA Bank in Curaçao (now Banesco N.V.) in 2013.
2023
2021
2018
2017
2020
2019
The operations began in Europe 2013 with the acquisition of Banco Etcheverría . In 2014 ABANCA Holding* acquires ABANCA (formerly NCG Banco) and absorbs Banco Etcheverría.
ABANCA completes the acquisitions of
Deutsche Bank PCC Portugal and Banco Caixa Geral are integrated into ABANCA.
ABANCA Insurance forms an alliance with Crédit Agricole Assurances.
ABANCA acquires Bankoa, SA.
ABANCA sign the deal with Crédit Mutuel and adquires Targobank
ABANCA acquires the Novo Banco network in Spain.
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Popular Servicios Financieros and establishes SOFOM Sentir Común México.
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Banesco International and ABANCA Our Figures
66,584 Deposits Loans 54,404 $MM $MM
Customers ≈ 7 MM
Business Volume 120,988 MM US$
Net profit
Employees 11,405
$MM 381
86,617 $MM
Assets
Branche s 926
Earned Premiums 435 $MM
5,990 Net Equity
Worldwide 14 Countries
4 A team of more than 11,000 professionals is dedicated to satisfying the needs of our clients. We are Banesco
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Banesco International and ABANCA Main figures by geographic area - Jun | 23
Dominican Republic
Panamá
Venezuela
Total
USA
Spain
Assets ( M$) Loans (M$)
76,700.1 47,770.3 59,324.1 4,976.4
3,572.9 2,634.2 2,767.9
4,913.7 3,402.5 3,740.8
885.5 445.1 440.0
544.8 152.2 310.7 135.0
86,617.0 54,404.3 66,583.5 5,989.6
Deposits (M$) Net Equity (M$) Net profit (M$)
414.1
411.6 15,8 10,5 7,7% 0,6%
52.6
300,9 414,5 11,5% 0,8% 2,191 5,872
9,6
1,1
54,0 10,1
381.3 435.1 12.7% 0.9% 6,900 11,405
Earned Premiums (M$)
-
-
ROE (%) ROA (%)
4,7% 0,6%
4,0% 0,2%
80,1% 19,8% 4,333 3,665
Customers (thousands)
16
278
82
No. of Employees Nº of Branches
330
1,053
485
677
6
26
13
204
926
*
Capital adequacy (%)
17.0% 18.5% 12.0%
11.8% 29.8%
**
Market Share (%) - Deposits
3.3%
2.2%
6.1%
1.7%
13.5%
Rating (Fitch/Kroll)
BBB-
BBB-
A- (Pan)
A+ (Dom)
Venezuela Exchange Rate: BCV as of June 2023 VES 27,9461 per USD. Euro Exchange Rate: ECB to June 2023 EUR 0,9203 per USD. Exchange Rate Dominican Republic to June 2023 DOP 0.0182 per USD.
* Total Capital Ratio * * USA Share corresponding to Mar-23.
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Banesco International What defines us
• Be pioneers in innovation. • Be an example of common sense. • To be leaders in customer experience. • Personalized offer models of attention and services.
Our Mission
We are a comprehensive financial services organization dedicated to fulfilling the needs of our clients. We are committed to the well-being of our community, we develop relations with a focus on win-win with our suppliers and employees, optimizing profitability for the shareholder.
Our Vision
• Innovation: we look for ideas and technologies that promote change. • Quality: we strive to exceed the expectations of our partners. • Reliability: we tell the truth in all circumstances. We acknowledge our mistakes. • Responsibility: we keep our word. We give the best to everyone.
Our Values
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Banesco International Strategic Priorities
Customer Experience
Agility
Digitalization
Risk Management
Leadership in Efficiency
Alliances
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Banesco Internacional Outstanding news
Banesco reaffirms its commitment to gender equity UCV endorses Banesco's Training Program for Microentrepreneurs Banesco publishes the memories of the city in Caracas 455 Banesco's "For a Sustainable Future" Contest opens its call for stories on water conservation
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A+(dom) rating ratified for Banesco Banco Múltiple Banesco Dominican Republic participates in the Financial Economic Week of the Central Bank Banesco Dominican Republic receives international innovation award for its Chatbot DANI Banesco República supports social foundations with the collaboration of Banesco Volunteering
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Cybersecurity, the protagonist of the new financial education program ABANCA and Afundación for youth ABANCA and Afundación confirm their commitment to sustainability by celebrating the Month of the Environment Participants in the ABANCA and Afundación financial education program grow by 44% throughout the 2022-2023 academic year
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Banesco Panama receives double recognition from the Ministry of Environment Banesco Panama has certified more than 750 entrepreneurs Banesco Volunteering Panama Starts up its sustainability projects Baneco Panama presents its Parque de Amor 100% with plastic waste
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Banesco USA solidifies its presence in Puerto Rico supporting the development of health projects on the Island Banesco USA promotes study and work program Banesco USA strengthens its support to communities Banesco USA in the Top of the best regional banks according to Bankrate
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