Banco Mercantil CA

Banco Mercantil, C.A. and its subsidiaries operate in the financial services sector primarily in Venezuela. It provides financial intermediation services to individuals and corporations through its offices and agencies. The company provides demand, savings, restricted, and time deposits; interest-bearing checking accounts; and rights and certificates of participation in investment securities. Banco Mercantils loan portfolio comprises commercial, installment, agricultural, car, industrial, and construction loans, as well as letters of credit. It also provides credit cards, foreign trade services, factoring and discounts, and financial lease contracts. The company also has operations in Mexico, Brazil, the United States of America, Guatemala, Colombia, El Salvador, Peru, and other countries in Latin America and the Caribbean. Banco Mercantil was founded in 1925 and is based in Caracas, Venezuela.