November 1, 2010
Global events have also meant that no point in the last two years has been the time for big risks or big consolidation in the banking sector. With the pecking order yet again unchanged, Banco Mercantil Santa Cruz (BMSC) easily holds on to its perch as the countrys largest bank.
As of June, it counted $1.74 billion in total assets, accounting for about 20% of the systems $8.38 billion. Its $796 million loan portfolio also leads the market, with 19.5% share, and $1.64 billion deposits account for 23.5%. Assets were slightly down from the $1.77 billion counted at year-end 2009, with the Bolivian system also experiencing a drop, to $8.38 billion from $8.48 billion, in that time.
Bolivia’s small size has meant its banks suffered few effects of the credit crisis in 2008 and 2009.