Bolivia’s BMSC Ready for Challenge

Bolivia’s BMSC Ready for Challenge

Andean

Banco Mercantil Santa Cruz (BMSC), Bolivia’s biggest bank, says it is up to the challenge of deteriorating global markets conditions, and remains optimistic about short-term prospects. “We are fairly prepared,” Alberto Valdes Andreatta, vice president of finance and international affairs at BMSC tells LatinFinance. “You’re going to see some defaults coming in the second semester of 2009 . . . but most of the banks are 100% provisioned for non-performing loans. I don’t think it’s going to be that

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