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Line 6: \|foundation = {{start date \|df=y\|1925}} \|founder = \|location = [[Caracas]], [[Venezuela]] \|key_people = [[Gustavo Vollmer Acedo]] (Chairman)~~<br>[[~~ & Nelson Pinto Alves]] (CEO) \|num_employees = 74,~~861 (1 metru si o flegma)~~000 \|industry = Finance and Insurance \|products = Retail banking Line 16: \|homepage = {{URL\|mercantilbanco.com}} }} [[File:1. Sede Actual.JPG\|thumb]]▼ '''Mercantil Banco ~~Universal~~''' is a financial institution with more than 90 years of banking activity in [[Venezuela]] and is a subsidiary of [[Mercantil Servicios Financieros.2]].<ref>{{Cite web\|url= ~~ttp~~http://www.msf.com/espanol/inversionistas/historicos/banco_mercantil/informes_anuales/esp/mbu_informe_anual_2015.pdf\|accessdate= 26 ~~Mai~~May 2020\|work= Mercantil Servicios Financieros\|date= December 2015\|language= Spanish~~\|archivedate= 3 December 2015\|url-status= dead~~\|df= dmy-all}}</ref> == History == ▲[[File: 1. Sede Actual.JPG\|left\|thumb\|Headquarters of Mercantil Banco]] Banco Mercantil was founded in 1917 as ''Banco Mercantil Americano'', but on 23 March 1925 was renamed as ''Banco Neerlando Venezolano''. The following year was again established with the name ''Banco Mercantil y Agrícola'' (''Mercantile and agricultural bank'') at the same time the [[Venezuelan government]] allow it the permission to issue [[banknote]]s together with another five financial institutions due to the unexistence of a [[central bank]]. In 1940, the bank stopped the issue of banknotes after the establishment of the [[Banco Central de Venezuela]]. On 23 March 1925 a group of 98 Venezuelan businessmen founded the bank with the name of "Banco Neerlando Venezolano" in an economy determined by the agricultural activity being the major component of national income (coffee, cacao and cotton). The Bank began its operations on 3 April 1925.<ref>{{Cite web\|url= http://www.msf.com/ingles/content/institucional/historia/historia.html\|title= History\|accessdate= 19 November 2020\|work= Mercantil Servicios Financieros\|date= December 2015\|language= en\|archivedate= 6 August 2020\|url-status= dead\|df= dmy-all\|archive-url= https://web.archive.org/web/20200806025946/http://www.msf.com/ingles/content/institucional/historia/historia.html}}</ref> In 1968, it became the official representative of [[Diners Club]] in Venezuela. Since the 1970s the bank achieved the opening of subsidiaries in [[Brazil]], [[Canada]], [[Colombia]], [[Curaçao]], [[Germany]], [[Mexico]], [[Panama]], [[Peru]], [[Switzerland]], [[United Kingdom]] and [[United States]]. In 1982, the ''[[Mercantil Tower]]'' skyscraper was built as the new bank headquarter's. In 1994, it was not really affected by the [[Rafael Caldera#Economic crisis\|economic crisis in Venezuela]]. In 2000, Mercantil bought a lot of financial and insurance institutions as ''Interbank'', ''Venezolana Entidad de Ahorro y Préstamo'', ''Banco Monagas'', ''Seguros Orinoco'', among others. At the end of 2007, Mercantil controlled 12.29% of the banking [[market share]] in Venezuela, just behind [[Banesco]].<ref>{{Cite web\|url= http://www.bancaynegocios.com/noticia_det.asp?id=8849\|title= Sistema banca comercial y universal\|accessdate= 5 January 2009\|work= Banca y Negocios\|date= 21 December 2007\|language= Spanish\|archiveurl= https://web.archive.org/web/20090129161657/http://www.bancaynegocios.com/noticia_det.asp?id=8849\|archivedate= 29 January 2009\|url-status= dead\|df= dmy-all}}</ref> Line 28 ⟶ 29: ==References== {{Portal\|Banks}} {{~~reflist~~Reflist}} {{Authority control}} [[Category:Banks of Venezuela\|Mercantil]] [[Category:Banks established in 1925\|Mercantil]] [[Category:Venezuelan brands]] [[Category:1925 establishments in Venezuela]] [[Category:companies based in Caracas]]