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Banco Mercantil do Brasil S.A. (Brazil)

Main Activities: Commercial Banking
Full name: Banco Mercantil do Brasil S.A. Profile Updated: November 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Portuguese Download a sample report

Banco Mercantil Brasil S.A. is a financial institution located in Belo Horizonte. With 80 years of market experience, the bank focuses on innovation and sustainable development. It invests heavily in technology and expands its customer service channels to provide a better banking experience. The bank specializes in the payment of INSS benefits and aims to be the best financial ecosystem for the 50+ age group. This group represents a significant portion of Brazil's consumer market and is expected to make up 33% of the total population by 2030. Banco Mercantil is the 5th largest payer of INSS benefits in the country, serving 6.5 million customers through a network of 294 branches in nine states. The bank prides itself on excellent customer service and a close relationship with its clients. It also offers a user-friendly and personalized digital experience, positioning itself as a leading player in the digital banking market. Banco Mercantil continues to grow its portfolio of quality products and services, supported by sustainable results and diversified funding. It remains committed to technological and digital advancements while maintaining its reputation as a simple, close, efficient, and profitable bank.

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:
September 28, 1966
Key Executives
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Chairman of the Board of Directors
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Vice Chairman Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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24.87%
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9.92%
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4.62%
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4.18%
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3.82%
Subsidiaries
Bem Aqui Administradora e Corretora de Seguros, Previdencia Privada e Correspondente Bancario S.A.
100%
Mercantil do Brasil Distribuidora S.A. - Titulos e Valores Mobiliarios
100%
Mercantil do Brasil Marketplace e Empreendimentos Imobiliarios S.A.
100%
Company Performance
Financial values in the chart are available after Banco Mercantil do Brasil 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
302.29%
Operating profit (EBIT)
428.98%
Net Profit (Loss) for the Period
435.13%
Total assets
36.14%
Total equity
33.49%
Total Assets Trend
12.4%
Net Interest Income Trend
-0.53%
Cost to Income Ratio
-41.44%
Loans to Deposits Ratio
5.54%
Loans to Asset Ratio
-0.29%

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