Mercantil Banco Universal :: Relaciones con Inversionistas

Balance Sheet - Mercantil Servicios Financieros

In Million Bolivars
In Million US$

	Dec 31 2009	Dec 31 2008	Dec 31 2007	Dec 31 2006	Dec 31 2005
Total Assets	53,075	46,830	39,050	31,717	24,275
Loan Portfolio (net)	27,138	22,219	19,338	14,580	11,295
Deposits	42,848	36,211	31,288	25,247	19,480
Total Shareholders' Equity	4,480	4,089	3,408	2,589	2,169

	Dec 31 2009	Dec 31 2008	Dec 31 2007	Dec 31 2006	Dec 31 2005
Total Assets	24,748	21,836	18,208	14,789	11,319
Loan Portfolio (net)	12,654	10,361	9,017	6,799	5,267
Deposits	19,980	16,884	14,589	11,772	9,083
Total Shareholders' Equity	2,275	1,906	1,589	1,207	1,011
Exchange Rate	2.15	2.15	2.15	2.15	2.15

Income Statement

In Million Bolivars
In Million US$

	Dec 31 2009	Dec 31 2008	Dec 31 2007	Dec 31 2006	Dec 31 2005
Net Financial Margin	2,020	2,283	1,951	1,330	970
Commissions and Other Income	1,381	1,123	856	858	938
Total Operating Expenses	2,834	2,546	2,020	1,625⁽¹⁾	1,204
Net Income for the Year	796	959	783	555	722⁽²⁾
(1) Includes Bs.F 50 Million from the new Mercantil Employee savings scheme. (2) Earnings during 2005 include Bs.F. 311 Million (US$ 148 Million) from the sale of Bancolombia’s stockholding.

	Dec 31 2009	Dec 31 2008	Dec 31 2007	Dec 31 2006	Dec 31 2005
Net Financial Margin	942	1,027	909	628	460
Commissions and Other Income	644	566	399	392	445
Total Operating Expenses	1,321	1,187	942	758⁽¹⁾	571
Net Income for the Year	371	447	365	259	343⁽²⁾
Year average exchange rate	2.15	2.15	2.15	2.15	2.11
(1) Includes Bs.F 50 Million from the new Mercantil Employee savings scheme. (2) Earnings during 2005 include Bs.F. 311 Million (US$ 148 Million) from the sale of Bancolombia’s stockholding.

Indicators (%)

(3) In accordance with the standards of the Venezuelan Securities and Exchange Commission (CNV).
(4) Calculated using Consolidated Financial Statements adjusted for inflation up to 1999, in accordance with International Accounting Standard no. 29 (IAS-29) and following the standards of the Basel Committee on Banking Supervision of the Bank for International Settlements.

Other Indicators (Number)

	Dec 31 2009	Dec 31 2008	Dec 31 2007	Dec 31 2006	Dec 31 2005
Number of Employees
In Venezuela	8,961	9,215	9,114	8,647	7,841
Abroad	872	965	1,018	900	771
Banking Distribution Network
Branches in Venezuela	297	325	319	309	300
Foreign Branches	21	20	20	21	21
Representative Offices	5	6	6	6	5
Insurance Distribution Network	32	31	32	32	32
Number of Automatic Teller Machines (ATMs)	1,379	1,435	1,436	1,222	1,025
Number of Point of Sale Terminals(POS)	41,027	37,655	32,278	25,987	19,022

(5) Puntos de Venta Físicos.

In Million Bolivars F.	In Million US$