Tackling Tough Times

Nov 1, 2011

Bolivia - Best Bank – Banco Mercantil Santa Cruz

It’s 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 country’s 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....

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote