Best Bank - Venezuela
Mercantil Banco Universal has been expanding its loan portfolio, which has led to year-on-year growth despite a economic contraction and slow liquidity growth in Venezuela.
capabilities will continue to be a focus, Gustavo Marturet,
president of Mercantil Banco Universal tells
The bank now aims to grow
in the consumer sector. "We expect to increase our presence
with a broader client base, expand consumer lending and credit
facilities to small and mid-size companies," says Marturet.
At the end of June 2010 Mercantil was the leading
institution in the Venezuelan financial system in terms of
loans to the tourism, manufacturing and mortgage sectors, with
18.7%, 20.1% and 16.6% of market share, respectively,
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