MBU Informe Anual 2009 Ingles24may10:maquetaci..n 1

(1) Legal requirements for gross loans at June 30, 2009.
(2) Legal requirements for gross loans at December 31, 2008.
(3) Legal requirements for average gross loan portfolio balances at
December 31, 2008 and 2007.
(4) Legal requirements for gross loans at March 31, 2009.
Loan Portfolio
Quality 1
Year ended
Past Due + Non-Performing Loans
/ Gross Loans (%)
Allowance for Loan Losses /
Past Due + Non-Performing Loans
(1) Calculated on operations in Venezuela.
Gross Loans Classified
by Status
Year ended
(In thousands of Bs. except percentages)
Current
Reestructured
Past Due
In Litigation
Total
The banks are required by law to earmark a percentage of their loan portfolio for the
agricultural, microenterprise, mortgage, tourism and manufacturing sectors.
At December 31, 2009, Mercantil Banco Universal’s level of compliance is as follows: 3.4% for
the microenterprise sector (compulsory level 3%); 3.2% for the tourism sector (compulsory
level 3%) (2) . 24.0% (3) for the agricultural sector (compulsory level 21%), which represents 24.7%
year-on-year growth. This portfolio was subject to some additional considerations in 2009,
such as the requirement on new borrowers, which total 2,169 at year end, Of these, 588 are
new borrowers (455 personal loans). There was also a new requirement on financing for
priority items and the 88.4% of the agricultural portfolio was targeted at the production of
primary and agroindustrial commodities and marketing of agricultural products. Mercantil
Banco Universal ranks second in Venezuela’s financial system in terms of agricultural loans
with a 13.0% market share. Long and short-term mortgages for house purchase account for
9.6% and 4.7% of total loans (2) respectively. The minimum requirements are 6% and 4% in
each case. Mercantil Banco Universal leads the Venezuelan financial system with respect to
loans granted under the Mortgage Debtor Law (Ley Especial del Deudor Hipotecario) with 16.9%
of the market. The banks must earmark at least 10% of their total loans to the manufacturing
sector; the Bank earmarked 16.2% of its loan portfolio (4) .
System
Average
2.4
137.3
2009
bolivars
20,738,903
82,414
183,300
2009
bolivars
0.9
378.6
Mercantil Banco Universal
29
% 2008 % 2007 %
98.7
0.4
0.9
8,098 0.0
21,012,715 100.0
2008
bolivars
0.8
353.0
bolivars
15,628,946
41,439
124,048
98.9
0.3
0.8
6,259 0.0
15,800,692 100.0
2007
bolivars
0.6
385.8
bolivars
12,614,579
18,939
64,497
5,007
12,703,022
99.3
0.2
0.5
0.0
100.0