Puerto Rico Surpasses Banesco USA’s Mainland Business Performance – News is My Business

Banesco USA is making waves in Puerto Rico with its impressive growth and strategic plans for the future. The bank recently appointed Maritza Abadía as the island’s only woman president of a local bank, a significant milestone in the financial industry.

Under the leadership of CEO Calixto García-Vélez, Banesco USA’s Puerto Rico operation has been outperforming its stateside counterpart, with a remarkable 30% growth in its loan portfolio and a 93% increase in deposits compared to the previous year. This growth is attributed to Puerto Rico’s economic activity, particularly in sectors such as construction, food, and distribution.

The bank’s focus on the commercial sector has been successful, with plans to expand its services to municipalities, government entities, and professionals under Act 60. Additionally, Banesco USA is enhancing its online banking platform to offer superior services to its customers, including real-time transactions through Zelle.

Maritza Abadía, the newly appointed Puerto Rico market president, is committed to continuing the bank’s growth by recruiting new talent and expanding into new business segments. With a team of approximately 300 employees in Puerto Rico, Banesco USA aims to provide personalized services and innovative products tailored to the unique needs of its customers.

Carlos Eduardo Escotet, director at Banesco USA, expressed optimism about Puerto Rico’s economic outlook and the bank’s role in supporting the island’s growth. Abadía’s promotion to president is a testament to her exceptional leadership and dedication to the bank’s success, positioning Banesco USA as a leading financial institution in Puerto Rico’s evolving market.