Nave Bank tops $400M in assets, expands business lending
Nave Bank closed 2025 with more than $400 million in total assets, extending growth for Puerto Rico’s first locally chartered bank built with a digital-first model.
The institution released its 2025 Year in Review highlighting expansion in business lending, new partnerships and continued investment in secure digital banking tools aimed at commercial clients.
In its second year of operations, the bank said reaching the asset milestone reflected growing adoption of its services, which include digital payments, deposit products and credit solutions tailored to local businesses.
During the year, Nave Bank participated in several high-profile financing transactions, including the expansion of AutoCare; the renovation of The Wave Hotel in Condado, the first property in Puerto Rico operating under IHG Hotels & Resorts’ Garner brand; and the acquisition of Deportes Salvador Colom by Noah Assad and Carlos Beltrán.
Additional projects supported by the bank included the Moncayo tourism development in eastern Puerto Rico alongside Parliament Capital Management; construction of The Reserve at Caguas Real in collaboration with MoneyHouse; and the Palmeras affordable housing development in Barceloneta, carried out with the Puerto Rico Department of Housing and developer Manuel Batlle.
The bank also expanded its involvement in small-business development through new alliances, including partnerships with the United Retailers Association (CUD, in Spanish) and municipalities such as Bayamón and Caguas. The collaborations are aimed at connecting entrepreneurs with banking services and access to capital.
“We’re proud of the progress made in 2025, resulting in strong financial performance,” said Carlos M. García, chief executive officer of Nave Bank. “Our focus remains on delivering modern, secure and accessible financial solutions that help businesses thrive in an ever-changing economy.”
Looking ahead, bank officials said Nave Bank plans to roll out additional digital products and credit offerings in 2026, with the goal of expanding business banking capabilities and access to financial services across Puerto Rico’s commercial sector.
