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December 23, 2024
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My Bank changes its name to R4 Microfinance Bank

My Bank changes its name to R4 Microfinance Bank

From now on, after authorization from Sudeban, the commercial name of Mi Banco ceases to exist to give way to R4, a renewal that seeks to position it as a young and dynamic institution, adapted to the challenges imposed by the accelerated changes in business customs. consumption, committed to the economic development and profitable banking of the country, assures the entity


The Superintendency of Banking Sector Institutions (Sudeban) authorized by resolution SIB-II-GGR-GA 07421 dated November 12, 2024 and with the approval of the Higher Body of the National Financial System (Osfin) the change of corporate name from Mi Banco, Banco Microfinanciero, CA to R4, Banco Microfinanciero, CA

“18 years after its founding, Mi Banco has stood out for its ability to evolve to meet the demands of the environment. Over time, the institution has evolved from a traditional banking model to one that seeks to be at the forefront of improving the user experience, offering products and services that align with the collection needs and financing expectations of its customers. customers,” the entity indicates in a press release.

Ricardo IV Montilla, executive president of the institution, said: “In 2015, we redefined our objective and, to achieve it, we developed a plan and designed a method. Since then, we have worked according to our own flight plan.”

From now on, the commercial name of Mi Banco ceases to exist to give way to R4, a renewal that seeks to position it as a young and dynamic institution, adapted to the challenges imposed by accelerated changes in consumer habits, committed to economic development and profitable banking of the country.

“We believe in an investment that unites profitability, purpose and ethics, developing collection solutions and financing initiatives that generate a positive social impact and a fair return,” Montilla added.

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At the end of October, R4 was positioned as the first most profitable bank in the financial system, showing an ROE of 149.31%, the entity says.

«In 2015, R4 decided to challenge the old paradigm of the financial system that held that institutions should be issuers first and acquirers second. The institution focused on innovating not only in technology but also in philosophywhich today, nine years later, the results show the effort and audacity of the initiative taken.

To find out about the current offering of products and services, as well as the upcoming launches that the institution will make available to clients and users, the entity invites you to review its website (www.mibanco.com.ve) and its social networks (mibanco_ve in Instagram, Facebook, Linkedin and Tik Tok). Likewise, they report that the change of identity will be carried out gradually.


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