Bank of the Year Bolivia

Bank of the Year Bolivia

Corporate & Sovereign Strategy Bonds

Assets at Banco Mercantil Santa Cruz grew 9% year-on-year to the end of August, while deposits grew a shade under 15% and loans were up 11%. The strong performance comes amid a rapidly changing banking landscape in Bolivia. State intervention called for banks to prioritize their social obligations over profit margins, says Alberto Valdés Andreatta, the bank’s chief executive. New regulations limit credit to borrowers and set a 6% interest rate ceiling on loans. Many worried that bank profitability would take a hit. Banco Mercantil, with its impressive growth numbers, is the best-positioned bank in Bolivia to cope with regulatory amendments, says Moody’s analyst Fernando Albano. “Ba

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