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Mercantil Servicios Financieros (Mercantil) is a Venezuelan holding company of financial services present in 9 countries in America and Europe.Its shares are listed on the Caracas Stock Exchange (MVZ.A and MVZ.B) [1] and it maintains a Level 1 American Depositary Receipt program (ADR) in the over-the-counter market (OTC) in the United States of America (MSFZY and MSFJY3) [2].
In 1982, the Mercantil Tower skyscraper was built as the new bank headquarter's. In 1994, it was not really affected by the economic crisis in Venezuela. In 2000, Mercantil bought a lot of financial and insurance institutions as Interbank, Venezolana Entidad de Ahorro y Préstamo, Banco Monagas, Seguros Orinoco, among others.
Central Bank of Venezuela: Central bank [1] Caracas [2] 1939 [3] Banco Bicentenario: State-owned Caracas: 2009 Banco Industrial de Venezuela: State-owned Caracas: 1937 2016 Banco de Venezuela: Privately owned Caracas: 1890 Banesco: Publicly traded Caracas: 1992 [4] Mercantil Banco: Privately owned Caracas: 1925 BBVA Provincial: Publicly traded ...
Banesco has 340 branches all over Venezuela, more than 115.000 POS and 1.377 ATMs. [1] With more than six million clients, Banesco currently is the largest private banking business in Venezuela and the second among all, with a market quota of [null 21.32%] on total assets and [null 18.3%] on credit portfolio. [2]
The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. [2] A destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in poverty, disease, child mortality, malnutrition, and crime. [3] [4]
Amerant Bank was founded in 1979 as Commercebank N.A. In 1987, the bank was acquired by Mercantil Servicios Financieros (MSF) – ranked as one of the world's biggest 2,000 public companies according to Forbes magazine (2015) at 648th place [4] – and operated as Commercebank until it became known as Mercantil Commercebank in 2007.
El Rosal [1] is a neighbourhood of Caracas, Venezuela, in the Chacao municipality. It is located at East Caracas , near the geographic center of Caracas and is one of its financial centres. It has an estimated area of 50.9 hectares (0.50 square kilometers)
The Mercantil Tower (also known as the Mercantil Building) is a skyscraper located in the Venezuelan city of Caracas, is known for being the fourth tallest tower in the city and the country with 179 m in height and 40 floors, is located at Avenida Andres Bello, Candelaria Parish of Libertador municipality northwest of the capital.