Financial Statement - Banco Mercantil

3.7 Valuation adjustments and provisions, reserves for general banking risks
in CHF 1000 Balance
previous year
Valuation adjustments and
provisions for credit and
country risks 925
Specific
usage
Recoveries,
doubtful interest,
currency
differences
- -87
New creation
charged to
income
statement
818
Reversals
credited to
income
-543
Balance
current year
Valuation adjustments and
provisions for investments - - - - - -
Other Provisions (operating loss) - - - - - -
Total valuation adjustments and
provisions 925
less: set-offs with investments -88
Total valuation adjustments and
provisions as of balance sheet 837
- -87
- 86
3.8 Schedule of share capital and disclosure of shareholders
in CHF 1000
Capital structure
Nominal
amount
Shareholder's equity 45'500
Significant shareholders and shareholder groups
with voting rights
Number of
shares
Capital with
dividend rights
Nominal
amount
818
-668
31.12.2010 31.12.2009
45'500
45'500
45'500
-543
Number of
shares
45'500
1'113
1'113
- -670
443
Capital with
dividend rights
45'500
31.12.2010 31.12.2009
Nominal Share in % Nominal Share in %
Holding Mercantil Internacional, C.A., Caracas, Venezuela - - 45'500
100%
Mercantil Servicios Financieros, C.A., Caracas, Venezuela 45'500
100% - -
As per 31.12.2010 the shares of the bank were transferred from Holding Mercantil Internacional to Mercantil Servicios Financieros.
Mercantil Servicios Financieros (MSF) is a financial holding registered on the Caracas Stock Exchange. The capital structure of MSF
is comprised of A (57%) and B (43%) shares, with B shares having limited voting rights. Its shares are held primarily by Venezuelan
investors. Approximately 43% of the B shares are owned through an American Depositary Receipt (ADR) program, therefore MSF does
not have information who the holders of the ADR's are. Shareholders with ownership of over 5%, as known to MSF are:
- Capriles Group (14.5% A shares; 16.5% B shares); 15.4% participation
- Gustavo J. Vollmer Group (12.1% A shares; 4.8% B shares); 9.1% participation
- Gustavo A. Marturet Group (14.3% A shares; 1.2% B shares); 8.8% participation
- Travieso Sanchez Group (7.4% A shares; 3.2% B shares); 5.6% participation