Annualreport

Loan Portfolio
Classified by Status
Year Ended
(In thousands of Bs except percentages)
Current
Restructured
Past Due
In Litigation
Total Gross Loans
2011
bolivars
60,829,744
599,175
574,655
486,320
62,489,894
Sector
Agriculture
Mortgage
Microcredits
Tourism
Manufactured
goods
Percentages
of Compliance
1 Includes Bs 425 million in Agricultural Bonds issued by the Venezuelan goverment in accordance with the compulsory agricultural portfolio
and Bs 928 million in special mortgage securities issued by National Housing and Habitat Bank (BANAVIH for its abbreviation in spanish,
Banco Nacional de Vivienda y Hábitat) in accordance with the regulations on mortgage portfolio compliance.
%
97.3
1.0
0.9
0.8
100.0
39 Mercantil Servicios Financieros
Compulsory Loan Portfolio for Mercantil Banco Universal
by economic sector and interest rates
Calculated on the average gross loan portfolio at
December 31, 2010 and December 31, 2009.
Monthly Compliance. Maximum per client: 5% of
the current portfolio. A minimum number of new
clients is required (individuals). Must be distributed
quarterly into priory and non-priority items.
Priority items must not account for less than 70%
of the total and medium and long-term credits for
not less than 10% of the total.
Calculated on the gross loan portfolio at December
31, 2010, made up as follows: 4.0% long-term and
8.0% short-term loans. Annual Compliance.
3% calculated on the gross loan portfolio at June 30,
2011. Monthly Compliance
Calculated on the average gross loan portfolio at
December 31, 2010 and December 31, 2009.
Compliance must be achieved by December 31,
2011 at the latest (1.5% semi-annually).
Calculated on the gross loan portfolio at December
31 2009. Monthly Compliance: As of December 31,
2009 it is not possible to reduce the participation
which cannot be lower than 10%.
2010
bolivars
42,384,693
683,007
1,011,526
282,840
44,362,066
%
95.6
1.5
2.3
0.6
100.0
2009
bolivars
27,017,149
87,870
854,373
71,056
28,030,448
%
reached
28.0 % 1
15.4 % 1
3.7 %
3.3 %
21.6 %
Dec-11
%
96.4
0.3
3.0
0.3
100.0
%
required
24.0 %
12.0 %
3.0 %
3.0 %
11.0 %
Interest rates applicable
December 2011
Set weekly by the Venezuelan Central
Bank. As of December 31, 2011 it is 13%.
Set semi-annually by the Ministry of
Housing and Habitat. The "social interest
rate" is currently set according to the
family income of the borrowers and
ranges from 1.40% to 11.42%
Within minimum and maximum rates set
by the Venezuelan Central Bank. As of
December 31, 2010 the maximum rate
applicable is 24%.
Each month the Venezuelan Central Bank
sets a preferential rate for the sector. At
December 31, 2011 it is 12%; in some cases
it can be reduced to 9% subject to the
provisions of the Tourism Sector Credit
Act.
Set at 19% by the Venezuelan Central
Bank.