Abanca has obtained the license from the Federal Reserve of the United States (Fed) to open an office in Miami and operate in the United States.
The license that comes into the project after a year of work enables the Spanish bank to develop total activity with companies and non-residents and, in certain circumstances, to develop activities with residents of average and high incomes. Miami is a city with a large presence of Latin American, Spanish and Portuguese non-residents, groups that will focus on Abanca's growth strategy.
With this new opening, the firm's objective is to continue to grow in markets with high potential and, as in the case of Portugal, in the company segment and medium and high income.
The Miami office, located in the Brickell financial zone, will open before the end of 2018 and will have 12 employees, four Spanish and the rest of the United States.
Abanca is present through representations in Brazil, Mexico, Panama, Venezuela, France, Germany and the United Kingdom. In addition, the entity has centers in Portugal, with its own bank card and Switzerland, where we have offices with both modalities.