Best Bank Bolivia: Still on Top
Banks operating in the smaller LatAm economies have hunkered down during the crisis and the pecking order has remained largely the same as a result. In Bolivia, the dominant bank remains Banco Mercantil Santa Cruz (BMSC).
BMSC claims $1.6 billion in assets, as of March, ahead of
number two Banco Nacionals $1.2 billion, according to
Moodys. It holds 32% of Bolivian deposits and has made
28% of the countrys loans, the agency adds. The bank
spawned by the 2006 merger of Banco Mercantil and Banco Santa
Cruz will likely only be supplanted by another merger.
Bolivian banks have suffered but remained profitable during
the downturn. The system showed ROA...
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