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InterviewsNovember 30 2023

Banesco USA’s CEO bullish on south Florida and Puerto Rico

CEO and president Calixto Garcia-Velez tells The Banker how the bank is dealing with current commercial real estate woes, while anticipating double-digit loan portfolio growth for 2024.
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Banesco USA’s CEO bullish on south Florida and Puerto RicoCEO and president of Banesco USA, Calixto Garcia-Velez

Banesco USA, a regional US bank with six branches between south Florida and Puerto Rico, reached $3.71bn in total assets in the third quarter of this year, a 24% year-to-date increase.

CEO and president, Calixto Garcia-Velez, told The Banker the business outlook for south Florida and how the bank is executing its strategic plan despite rising interest rates and market volatility.

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Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
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