Tackling Tough Times
Bolivia - Best Bank – Banco Mercantil Santa Cruz
Its been a tough environment for Bolivian banks, where
strong competition and increased liquidity in the financial
system have resulted in a decrease in financial spreads and
weaker results. But Banco Mercantil Santa Cruz (BMSC) has
remained profitable despite these difficulties, maintaining its
position as the countrys largest bank and expanding into
different product sectors. The bank ended the last fiscal year
with deposits of $1.54 billion and a 20.69% market share. Going
into 2011, BMSC decided to prioritize profitability over
gaining market share through deposits....
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.