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Banco Internacional de Comercio S.A.,
is a member of Grupo Nueva Banca S.A. and was created by Corporate
Charter No. 49, of October 29, 1993, drawn up by the Special Notary’s
Office of the Ministry of Justice of the Republic of Cuba, successively
modified by Deeds No.123/1996, 112/1998 and 1805/2001, drawn up
as well in the same notary.
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On October 29, 1993, Banco Nacional de Cuba (the country’s central
bank then) issued it a License to engage in banking business in
the Republic of Cuba for an indefinite time. It started operation
on January 3rd, 1994.
On November 10, 1997, Banco Central de Cuba ratified the authorisation
to operate and granted it a Type A Special License.
Its main activity is "enterprises’ bank" carried through
its central services and five branches based in the country’s capital,
Santiago de Cuba and Villa Clara. It records all transactions in
real time providing its customers with card and remote banking services
while it is working on developing other methods of electronic banking.
Its institutional clients, national or foreign, receive a complete
accounting and documentary service, while national entities also
enjoy of significant volumes of credit facilities. Practically all
sectors of the economy benefit from all this, such as that of agriculture,
the food industry, the basic and light industries, transportation,
aviation, fishing, construction, domestic and foreign trade, the
iron and steel industry, sugar, informatics, communications and
others with not only economic importance but also social, such as
health, water supply, education, culture and sports.
Credit policy followed by the Bank is dictated in a collegiate
way by its Credit Committee on the basis of a strict analysis and
control in loan making.
The Bank counts on correspondents in the five continents, the majority
are first class banks, mainly Europeans and Americans.
Equity capital of shareholders (Grupo Nueva Banca with the biggest
share and Bancholding), near the USD95 millions with a balance ranging
from 550 to 600 millions, make sure the Bank has a strong solvency
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