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BANCO MERCANTIL- Financial Statistics, Dec 94 - Jan 97 (Nominal Bolivares in Millions) |
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Dec-96 |
Jun-96 |
Dec-95 |
Jun-95 |
Dec-94 |
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Balance Sheet |
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Total Assets |
785,066 |
475,706 |
381,484 |
385,901 |
337,849 |
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Gross Loans |
434,189 |
181,068 |
155,413 |
119,426 |
112,985 |
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Gross Investments |
150,478 |
138,291 |
101,871 |
138,241 |
125,834 |
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Total Loan Loss Reserve |
16,602 |
8,082 |
7,945 |
7,033 |
6,351 |
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Other Assets |
11,106 |
13,912 |
13,561 |
13,885 |
7,020 |
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Total Deposits |
622,522 |
387,253 |
326,594 |
342,818 |
300,311 |
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Total Equity |
77,558 |
46,638 |
30,863 |
23,153 |
18,335 |
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Averages |
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Average Assets |
304,033 |
404,191 |
376,415 |
343,108 |
253,303 |
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Average Loans |
113,335 |
159,274 |
155,140 |
96,596 |
86,893 |
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Average Equity |
25,337 |
28,789 |
21,637 |
17,491 |
13,782 |
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Average Investments |
87,093 |
106,368 |
148,486 |
90,054 |
44,914 |
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Asset Quality |
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Net Interest Income |
50,806 |
31,020 |
21,236 |
20,322 |
16,920 |
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Noninterest Income |
11,018 |
6,098 |
5,529 |
5,350 |
3,577 |
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Extraordinary Gains, Net |
67 |
10,213 |
2,794 |
235 |
157 |
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Total Revenues |
80,999 |
71,875 |
54,922 |
48,712 |
42,203 |
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Loans Loss Provision |
6,180 |
3,335 |
1,763 |
2,953 |
2,409 |
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Operating Expenses |
34,754 |
25,424 |
17,846 |
17,036 |
14,735 |
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Income Tax |
500 |
1,000 |
241 |
350 |
100 |
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Net Income |
18,694 |
16,197 |
9,185 |
5,351 |
2,969 |
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Asset Quality |
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Total Past Due Loans |
8,446 |
5,135 |
6,387 |
6,237 |
7,346 |
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Loan Loss Reserve/Gross Loans |
3.82 |
4.46 |
5.11 |
5.89 |
5.62 |
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Past Due Loans / Gross Loans |
1.95 |
2.84 |
4.11 |
5.22 |
6.50 |
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Coverage of Past Due Loans |
196.57 |
157.39 |
124.40 |
112.76 |
86.45 |
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Net Past Due Loans / Equity |
(10.52) |
(6.32) |
(5.05) |
(3.44) |
5.43 |
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Capital Adequacy |
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Equity/Assets |
9.88 |
9.80 |
8.09 |
6.00 |
5.43 |
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Equity / Gross Loans |
17.86 |
25.76 |
19.86 |
19.39 |
16.23 |
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Liquidity |
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Gross Loans / Gross Assets |
53.98 |
#¡REF! |
39.87 |
30.33 |
32.75 |
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Gross Loans / Deposits |
69.75 |
46.76 |
47.59 |
34.84 |
37.62 |
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Liquid Assets / Assets |
25.74 |
34.55 |
28.09 |
38.55 |
35.57 |
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Profitability |
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Return on Avg. Assets |
12.30 |
8.01 |
4.88 |
3.12 |
2.34 |
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Return on Avg. Equity |
147.56 |
112.52 |
84.90 |
61.19 |
43.09 |
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Net Interest Margin |
33.42 |
15.35 |
11.28 |
11.85 |
13.36 |
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Overhead Ratio |
68.40 |
81.96 |
84.04 |
83.83 |
87.09 |
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Operating Expenses / Avg. Assets |
22.86 |
12.58 |
9.48 |
9.93 |
11.63 |
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Noninterest Inc. / Total Revs. |
13.60 |
8.48 |
10.07 |
10.98 |
8.48 |
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Noninterest Inc. / Op. Exp. |
31.70 |
23.99 |
30.98 |
31.41 |
24.27 |
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Noninterest Inc. / Avg. Assets |
7.25 |
3.02 |
2.94 |
3.12 |
2.82 |
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Provision. / Avg. Assets |
4.63 |
2.33 |
1.22 |
1.85 |
2.25 |
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Effective Tax Rate |
2.60 |
5.82 |
2.56 |
6.14 |
3.26 |
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Productivity |
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Branches |
155 |
135 |
134 |
134 |
134 |
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Loans / Branch |
2,801 |
1,341 |
1,160 |
891 |
843 |
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Deposits / Branch |
4,016 |
2,869 |
2,437 |
2,558 |
2,241 |
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Growth Measures |
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Assets |
65.03 |
24.70 |
(1.14) |
14.22 |
58.78 |
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Gross Loans |
139.79 |
16.51 |
30.13 |
5.70 |
18.30 |
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Deposits |
60.75 |
18.57 |
(4.73) |
14.15 |
78.61 |
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Equity |
66.30 |
51.12 |
33.30 |
26.28 |
16.52 |
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Net Income |
15.42 |
76.35 |
71.64 |
80.21 |
(42.28) |
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Exch. Rate (Period-End Bs/US$) |
474.00 |
469.00 |
290.00 |
170.00 |
170.00 |
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Source: Francisco J. Faraco & Associates. Calculation based on data from Banks Financial Statements. |
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E-Mail: Faracor@spai1.lat.net |
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