BMSC Frets Over Political Risk

BMSC Frets Over Political Risk


Banco Mercantil Santa Cruz (BMSC), Bolivia’s biggest bank, says it is concerned about the local political environment in the medium to long term, including the threat of nationalization. “If there is a risk, it’s very far down the line. [The president] has got a lot of nationalizations to go through before us,” Darko Zuazo Batchelder, BMSC’s vice president, tells LatinFinance. He adds that he does not expect the bank to become a target of the government in 2009 or 2010. “We’ve got time to prepar

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