Mercantil Servicios Financieros Internacional S.A. (Panama)

The Company was founded in February 2019. Mercantil Servicios Financieros Internacional, S.A. is a holding company and as such does not carry out any business or commercial activity directly. The Group operates mainly from Panama, where they are listed on the Latin American Stock Exchange (Latinex), providing a comprehensive value proposition in banking, insurance, reinsurance, and wealth management. Additionally, the Group provides exclusive private banking services through its subsidiary in Switzerland. The main subsidiaries MERCANTIL provide financial, banking, means of payment, and insurance to corporate clients, small and medium-sized companies, and individuals.1989 Mercantil Servicios Financieros Internacional, S.A. (previously called Alvina Corporation) (MERCANTIL), is a public limited company originally constituted and registered at the Curacao Chamber of Commerce and Industry on October 11, 1989, under the registration number 51919. The Company was re-domiciled in Barbados on the 6th of September 2016. MERCANTIL was re-domiciled at the Republic of Panama (“Panama”) through Public Deed No. 2,115 dated 18 February 2019, granted before the Eighth Notary of the Circuit of Panama.
MERCANTIL is registered with the Superintendency of the Stock Market of the Republic de Panama (SMV), registering its shares in April 2019. In September 2022, the Extraordinary General Shareholders Meeting of MERCANTIL approved a reverse division (Reverse Split) to carry out the reduction of the number of common shares A and B in the circulation of the capital stock, in a ratio of 300 shares to 1 share; without issuing fractional shares as a result of the division carried out. Said transaction was effective in October 2022. In November 2022, the Extraordinary General Meeting of Shareholders of MERCANTIL approved a division (Split) to carry out an expansion of the number of common shares A and B outstanding of the capital stock in a ratio of 6 shares for each one, which will adjust the value of the action. This transaction was carried out in December 2022.