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ANNUAL REPORT 2010
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ANNUAL REPORT 2010 CONTENTS Mercant
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Mercantil is Venezuela’s leading
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Earnings Consolidated Balance Sheet
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Notice of Ordinary General Sharehol
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* Dollar figures are given for refe
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* Dollar figures are given for refe
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Adjustments to Reporting Lines At a
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Venezuela The Venezuelan economy co
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85th Anniversary During the second
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Special mention should be made of M
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Statutory Auditors’ Report To the
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Financial Statements (In accordance
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Consolidated Balance Sheet (In thou
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César PRIETO Calle caraqueña, aro
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Economic Climate Mercantil Servicio
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Summary of Economic Performance 200
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Mission To fulfill the needs of ind
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Management Discussion and Analysis
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Loan Portfolio by Business Segment
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Financial Margin Year Ended (In tho
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Distribution of Total Income Bs 7,4
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Summary of the Accounting Principle
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Business Management Report Commerci
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Commercial Banking Deposits Year 20
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Corporate Banking During 2010, the
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This made the team more consolidate
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In Venezuela, Mercantil Servicios d
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Excess Liquidity and Interbank Mark
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Available for Sale and Held to matu
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Quality of Service and Operating Ef
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Manuel CABRÉ Ávila desde San Bern
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Human Resources Many of the activit
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Risk Management Good risk managemen
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Distribution of Mercantil's loan po
- Page 71 and 72: Trading in fixed-income securities
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- Page 75 and 76: Performance of Subsidiaries Equity
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- Page 79 and 80: Mercantil Commercebank Florida Banc
- Page 81 and 82: Mercantil Merinvest, C.A. Consolida
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- Page 85 and 86: Prevention and Control of Money Lau
- Page 87 and 88: * Prevention and Control of Money L
- Page 89 and 90: Mercantil’s Social Contributions
- Page 91 and 92: Pedro Ángel GONZÁLEZ Paisaje de G
- Page 93 and 94: Corporate Governance Mercantil Serv
- Page 95 and 96: Board of Directors The Board of Dir
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- Page 99 and 100: Pedro Ángel GONZÁLEZ Comenzando l
- Page 101 and 102: Report of the Board of Directors of
- Page 103 and 104: Mercantil Commercebank • In March
- Page 105 and 106: Mercantil Banco Universal: 85 years
- Page 107 and 108: In 1996 the Bank changed its status
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- Page 111 and 112: Board of Directors Directors Gustav
- Page 113 and 114: Gustavo Galdo C. President of Inver
- Page 115 and 116: Executive Committee Gustavo Antonio
- Page 117 and 118: MERCANTIL, C.A., BANCO UNIVERSAL Av
- Page 119 and 120: T h e F i n e A r t s S o c i e t y
- Page 121: Alberto EGEA LÓPEZ Ávila, hacia 1