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Banco Mercantil de Investimentos S.A. (Brazil)

Main Activities: Commercial Banking
Full name: Banco Mercantil de Investimentos S.A. Profile Updated: December 20, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Portuguese Download a sample report

Founded in 1940 in the city of Curvelo by local businessmen, the bank was acquired in the 1950s under the name of Banco Mercantil de Minas Gerais, by Mr. Oswaldo de Araujo and Vicente de Araujo. Currently, more than 160 service points are strategically distributed by the major centers of Brazil, mostly in the Southeast, especially in Minas Gerais, geographic focus of activity Mercantil do Brazil.

Headquarters
Avenida Do Contorno, 5800, 14 Andar, Savassi
Belo Horizonte; Minas Gerais; Postal Code: 30110042

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Website: https://ri.bancomercantil.com.br/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 23, 1973
Key Executives
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Member of Board of Directors
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Vice President Director
Ownership Details
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91.57%
Subsidiaries
Domo Digital Tecnologia S.A.
5%
Company Performance
Financial values in the chart are available after Banco Mercantil de Investimentos S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BRL. Absolute financial data is included in the purchased report.
Net interest income
-2.59%
Net fee and commission income
-68.04%
Operating profit (EBIT)
-5.42%
Net Profit (Loss) for the Period
45.7%
Total assets
59.4%
Loans and advances to customers
-99.82%
Total equity
2.74%
Total Assets Trend
N/A
Net Interest Income Trend
8.07%
Cost to Income Ratio
-0.85%
Loans to Deposits Ratio
-49.97%
Loans to Asset Ratio
-19.67%

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