ANNUAL REPORT 2010

Mercantil is Venezuela’s leading financial
services provider with an equity base of Bs 8,513 million (US$ 1,985 million). It operates in 10
countries in the Americas, Europe and Asia. Its shares are listed on the Caracas Stock
Exchange (MVZ.A and MVZ.B) and in the over-the-counter market (OTC) in the United States
of America through a Level 1 ADR program (MSFZY and MSFJY).
The mission of Mercantil Servicios Financieros is "to fulfill the needs of the individuals and
communities where Mercantil has presence by providing excellent financial products and
services in various market segments, enhancing shareholder's value by efficiently using our
available resources."
Mercantil Banco Universal, founded 85 years ago (1925), is Mercantil’s main subsidiary in
Venezuela. At December 31, 2010, it has a national network of 273 branches; one agency in
Coral Gables, Florida, USA; a branch in Curaçao and representative offices in Bogota, Lima,
Mexico City, Sao Paulo and New York; Mercantil Commercebank, N.A. in the USA has 15
offices in Florida, a branch in New York, and one in Houston; Mercantil Bank (Schweiz) AG in
Switzerland; Mercantil Bank Curaçao N.V. in Curaçao, Mercantil Bank (Panama) in Panama,
Mercantil Bank and Trust, Limited (Cayman) in the Cayman Islands; and in Venezuela,
Mercantil Merinvest, C.A.; Mercantil Seguros with 33 offices serving the public, and Mercantil
Inversiones y Valores, a holding for other minority investments.
Since its foundation, Mercantil has played an active role in the development of the different
markets where it operates by financing trade, agriculture and industry. It consistently
demonstrates its social commitment by helping different sectors of the community in
Venezuela through Fundación Mercantil, and in South Florida, USA, through its subsidiary
Mercantil Commercebank, N.A.
Mercantil Servicios Financieros
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