Mercantil Servicios Financieros C.A. Class A
17,499.98
VES
-758.02
(-4.15%)
ISIN
VEV0019410A9
Return %
Stock
S&P 500
1Y
1,029.03
14.20
3Y
29,560.98
81.12
5Y
273,337.19
68.34
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
•
in mil. unless spec.Quarterly Earnings Per Share
USD
•
in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Gustavo Julio Vollmer Acedo
- Full Time Employees
- 3,083
- Sector
- Finance
- Industry
- Major banks
- Address
- Caracas Venezuela
- IPO Date
- Aug 7, 1997
- Website
- msf.com
- Similar Companies
- Business
- Mercantil Servicios Financieros C.A. is a Venezuela-based financial holding company engaged in the provision of universal banking, insurance, asset management, investment banking, and healthcare services. Founded in 1925 and headquartered in Caracas, Venezuela, the company operates primarily through its core operating subsidiaries, including Mercantil Banco Universal, Mercantil Seguros, Mercantil Merinvest, and Mercantil Salud. The company serves individual retail consumers, small and medium-sized enterprises (SMEs), agricultural producers, large corporate entities, and institutional investors across the national territory. The company provides a comprehensive range of financial and insurance products structured across its core business lines. In banking and cash management, it offers checking accounts, interest-bearing savings accounts, and foreign currency custody accounts in U.S. dollars and euros; commercial loans, working capital financing, personal installment loans, automotive credit, microfinance, and specialized agricultural credit facilities; Visa and Mastercard credit cards, contactless debit cards, and corporate purchasing cards; merchant point-of-sale (POS) acquiring terminals, virtual payment gateways, biometric verification systems, and interbank instant mobile payment solutions including Pago Movil P2P, P2C, and C2P; foreign currency intermediation and exchange table (Mesas de Cambio) operations; and digital banking suites comprising Mercantil en Linea Personas, Mercantil en Linea Empresas, and the Mercantil Movil application for online remittances, fund transfers, automated tax payments, and corporate payroll administration. In insurance and healthcare, the company provides individual and group health insurance, hospitalization, surgery, and maternity (HCM) policies; private automobile and commercial fleet insurance; residential and commercial property and casualty coverage; life, personal accident, and funeral expense insurance; surety bonds and performance guarantees; and prepaid primary healthcare, clinical evaluations, and telemedicine consultations through Mercantil Salud. In wealth management and capital markets, it offers equity and fixed-income brokerage on the Caracas Stock Exchange (Bolsa de Valores de Caracas); corporate debt and commercial paper underwriting; collective investment funds, portfolio administration, and asset management; and corporate finance advisory, trust administration, and custodial services. In recent developments, Mercantil Servicios Financieros C.A. has executed strategic initiatives focused on technological modernization, transactional flexibility, and capital market participation. The company expanded its digital and transactional ecosystem by deploying contactless payment functionality across its national POS merchant network and updating its Mercantil Movil platform with enhanced security and real-time processing features. To accommodate multi-currency commercial activity, the institution enhanced its retail payment capabilities to enable seamless point-of-sale settlement directly linked to foreign currency custody accounts. In investment banking, subsidiary Mercantil Merinvest reinforced its lead underwriting position by structuring and placing multiple corporate commercial paper programs and inflation-linked private debt instruments on the local exchange. Furthermore, the group broadened its insurance and healthcare portfolio by launching modular micro-insurance plans, digital policy issuance channels, and enhanced remote medical assistance services through Mercantil Salud, while continuing to upgrade core technological infrastructure and cybersecurity standards under the oversight of the Superintendencia de las Instituciones del Sector Bancario (SUDEBAN).