Mercantil Wins With Modest Growth

Mercantil Wins With Modest Growth

Andean

Banco Mercantil stands head and shoulders above its competitors in one of Latin America's smallest but more turbulent banking markets. Bolivia has been stuck in recession for four years and banks continue to reel from the effects of excessive lending to the construction industry. They also suffered under the mass withdrawal of deposits by panicked clients ahead of presidential elections in August. Liquidity has since flowed back to the banks following the election of Gonzalo Sánchez de Lozada, a pro-business politician with a long record as a reformer. Still, most Bolivian banks remain in poor shape, suffering from low profitability, weak capital ratios and insufficient p

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