Bolivia Best Bank: Banco Mercantil Santa Cruz

Bolivia Best Bank: Banco Mercantil Santa Cruz

Bonds Structured Finance Bolivia Corporate & Sovereign Strategy

Bolivia¹s financial system has advanced steadily this past year. A healthy pickup in GDP growth ­ to 5.1% in 2011 from 4.1% in 2010 ­ has lifted the economy and allowed total assets in the system to increase by 16.4% in that time, while profits have grown 36%. The scale of the market¹s largest bank, Banco Mercantil Santa Cruz has meant it has no peer in terms of strength and profitability. ³The country is going through a positive economic performance which is tied to the performance of the financial system,² Darko Zuazo BMSC¹s president, tells LatinFinance. The bank has hit two important milestones, he says: its loan portfolio reached $1 billion in the first semester of 2011, a

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