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MBU Informe Anual 2009 Ingles24may10:maquetaci..n 1

MBU Informe Anual 2009 Ingles24may10:maquetaci..n 1

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These activities focus on supporting projects to further the professional development of<br />

students, as well as medium and long-term scholarship programs for students from lowincome<br />

backgrounds.<br />

The Bank also assisted various public and private social development organizations that run<br />

programs in priority areas such as health and nutrition, prevention, disability training and<br />

culture. These and other iniciatives have supported the adquisition of equipment and<br />

medication and caring for children and young people with cancer and heart problems as well<br />

as other activities aimed at improving their quality of life and promoting culture. The efforts<br />

of the following institutions deserve special mention: Children with Cancer Foundation,<br />

Fundación Cardioamigos, Comedores Madre Teresa de Calcuta, “J.M. de los Ríos” Children’s<br />

Hospital, Hogar Bambi, Dividendo Voluntario para la Comunidad, Acción Solidaria Fundación<br />

Alzheimer, Fundaprocura, Fundación Contra la Parálisis Infantil, Centro de Salud Santa Inés,<br />

Cáritas de Venezuela, Venezuelan Red Cross, Sadarbol, Fundación Camerata de Caracas,<br />

National Youth Orchestra System of Venezuela and Superatec (Personal Growth through<br />

Technology program). The Bank continued with the “Mercantil Online contributes to<br />

Venezuela” program run in conjunction with Fundación Mercantil. The program uses<br />

Mercantil’s website to disseminate the social action that various institutions are undertaking<br />

and to allow customers and clients them to make donations by electronic fund transfer.<br />

Last but not least, we would like to acknowledge the staff and their families for their active<br />

involvement in social action programs. The voices of the Bank’s employees and the Mercantil<br />

Choir have been heard loud and clear all around the country on the occasion of their visits to<br />

charitable institutions who help people of all ages in need.<br />

Acknowledgements<br />

In its February <strong>2009</strong> edition, Global Finance magazine awarded Mercantil Banco Universal its<br />

”World’s Best Trade Finance Providers <strong>2009</strong>” prize for Venezuela. This prize is for financial<br />

institutions with the highest volume of transactions, range of global coverage, customer<br />

services, competitiveness in prices and technological innovation in the world. Also in its July<br />

<strong>2009</strong> edition, Mercantil Banco Universal was rated the Best Consumer Internet Bank in<br />

Venezuela for the second time running.<br />

Dinero magazine published its July edition the results of a survey on “The brands executives<br />

prefer” conducted among 289 executives from different professions in Venezuela’s main cities,<br />

in which the Mercantil Banco subsidiary ranked as the bank preferred by executives to handle<br />

their main accounts, while Mercantil Seguros was their second insurance company of choice.<br />

In its December <strong>2009</strong> edition, The Banker chose Mercantil Banco Universal as the: Best Bank<br />

in Venezuela in <strong>2009</strong> thanks to its outstanding financial results. The magazine emphasized the<br />

high profit yield maintained by Mercantil Banco Universal, characterized by its sound<br />

organizational structure, optimum risk management and adequate level of capitalization. The<br />

Banker highlighted the creation of the new "Mercantil's Ally" network of service points which<br />

provide banking services and innovative products to segments of the population that had<br />

previously lacked any banking presence.<br />

Mercantil Banco Universal<br />

13

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