Nave Bank tops $300M in assets after 2 years
Nave Bank has surpassed $300 million in assets two years after launching operations, a milestone the company says underscores its growth in Puerto Rico’s financial sector.
The achievement comes as the bank expands its program for small and medium-sized businesses, offering financial products aimed at supporting local entrepreneurship.
“This achievement reflects the trust our clients have placed in us and the effort our team has put into developing solutions that address business needs,” said Carlos M. García, CEO of Nave Bank.
“In just two years, we have demonstrated that banking can be done differently — close to our clients and with solutions that help them grow,” he said.
Since opening in late 2023, the bank has grown to a staff of more than 45 at its Santurce headquarters, providing credit, deposit and payment services for businesses of varying sizes.
Nave has also partnered with the United Retail Center, Project Makers and the municipalities of Bayamón and Caguas, connecting with more than 5,000 merchants across the island.
The bank is insured by the Federal Deposit Insurance Corp. and regulated by the Federal Reserve Bank and the Puerto Rico Office of the Commissioner of Financial Institutions.
