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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.
Banco Falabella is a Chilean bank. Founded in 1998, [ 1 ] [ 2 ] It is headquartered in Las Condes , Chile. [ 2 ] It is a subsidiary of S.A.C.I. Falabella and has branches in Chile, Peru , and Colombia .
Falabella is a multinational chain of department stores owned by Chilean multinational company S.A.C.I. Falabella. It is the largest South American department store , [ 6 ] and a member of the International Association of department stores (since 2006).
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.