Best Bank Bolivia: Still on Top

Best Bank Bolivia: Still on Top

Andean

BMSC claims $1.6 billion in assets, as of March, ahead of number two Banco Nacional’s $1.2 billion, according to Moody’s. It holds 32% of Bolivian deposits and has made 28% of the country’s loans, the agency adds. The bank spawned by the 2006 merger of Banco Mercantil and Banco Santa Cruz will likely only be supplanted by another merger.Bolivian banks have suffered but remained profitable during the downturn. The system showed ROA and ROE of 1.6% and 17.9%, respectively, as of March, according to Moody’s – only a slight drop from the end of 2008 (1.9% and 20.3%). BMSC had ROA of 1.3% and ROE of 19.7%, as of March, according to Fitch. “The financial crisis has no

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