BANCO MERCANTIL SANTA CRUZ SA

BANCO MERCANTIL SANTA CRUZ SA

Previous company name
Banco Mercantil SA
Name change date

Company Overview
Banco Mercantil Santa Cruz SA is a Bolivian public quoted company engaged in the financial services. The company was incorporated in January 1905, and has its headquarters located in La Paz, Bolivia.
Banco Mercantil Santa Cruz acts as a parent company of SAFI Mercantil Santa Cruz, Mercantil Santa Cruz Agenica de Bolsa, Universal Brokers SA and Wamsa SA. It also owns a hotel, named Ritz Apart, which is located in La Paz.
The company forms in two structures, namely personal and commercial services. It offers such services as personal savings accounts, mortgages, loans, credit and debit cards, health insurance, finance management and business accounts, among others.
Business Summary
Commercial Bank
Description and history
The Bank is a financial institution. It is dedicated to individuals and small and medium-sized businesses. The Bank is the resulting entity of the recent merger between the country’s second biggest bank Mercantil and number five Banco Santa Cruz. As of December 31-2006, the Bank has been ranked first by the assets and by the loans with market shares of 23% and 22% respectively. Last year (2006), Mercantil acquired for US$25.8mn a 96.3% stake in the Bank from Spain’s Santander (NYSE: STD).


Description in Spanish
El Banco Mercantil S.A., fue creado mediante Ley de la Repъblica de 11 de diciembre de 1905, autorizando al empresario minero Simуn I Patiсo a constituir un banco de emisiуn con oficina principal en la ciudad de Oruro, iniciando operaciones el 1° de diciembre de 1906 transformбndose en Sociedad Anуnima, segъn escritura pъblica de fecha 16 de julio de 1929. Su domicilio legal se encuentra en la ciudad de La Paz ubicado en la Calle Ayacucho No 277. De acuerdo con sus estatutos tendrб una duraciуn de noventa y nueve aсos a partir de la fecha de su inscripciуn en el Registro
de Comercio
Business Line
Engaged in the financial services
Subsidiary
MERCANTIL SANTA CRUZ AGENCIA DE BOLSA S.A.
Advisor

IPO date

US SIC Code
6021
Company Address
Ayacucho, 277 – P.O. Box 423

City province or state postal code
LA PAZ
Phone: 591 (2) 240 90 40
Fax: 591 (2) 240 91 58
Country address: BOLIVIA
Website url: www.bancomercantil.com.bo

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