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Bolivia
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

BANECO

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco Economico S.A.

Headquarters
Ayacucho N.166; Santa Cruz de la Sierra; Santa Cruz de la Sierra
Status: Non-Listed
Legal Form: Limited Liability Partnership
Operational Status: Operational
Fiscal ID (NIT): 1015403021
Incorporation Date: May 16, 1990

Tel: +591-3 3155500

Company Description

Bank founded in 1990 by a group of Bolivian businessmen. It offers intermediation and financial services. It began its activities with three business lines: resources placement, funds raisings and service businesses. Today it focuses on business opportunities management, targeting mainly small and medium-sized entrepreneurs.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 75.74%, from BOB 291,190,366 to BOB 511,729,523 . Operating result increased from BOB 52,422,915 to BOB 55,773,993 which means 6.39% change. The results of the period decreased -20.25% reaching BOB 32,285,541 at the end of the period against BOB 40,483,453 last year. Return on equity (Net income/Total equity) went from 12.89% to 9.40%, the Return On Asset (Net income / Total Asset) went from 1.01% to 0.71% and the Net Profit Margin (Net Income/Net Sales) went from 13.90% to 6.31% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1229.84% compared to 1176.02% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.10 to 1.11 when compared to the previous year.

Key Executives

Kuljis Fuchtner Ivo Mateo President of the Board Directors
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Balance Sheet

Total Assets

4,745,583,848

4,568,973,882

Current Assets

X,XXX,XXX,XXX

X,XXX,XXX,XXX

Total Liabilities

X,XXX,XXX,XXX

X,XXX,XXX,XXX

Shareholders Equity

XXX,XXX,XXX

XXX,XXX,XXX

Current Liabilities

X,XXX,XXX,XXX

X,XXX,XXX,XXX

* All the accounts are in BOB.
Income Statement

Total Operating Revenue

XXX,XXX,XXX

XXX,XXX,XXX

Operational Profit (Loss)

XX,XXX,XXX

XX,XXX,XXX

Net Profit (Loss)

XX,XXX,XXX

XX,XXX,XXX

* All the accounts are in BOB.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.XX%

X.XX%

Annualised Return on Assets (ROA)

X.XX%

X.XX%

Return on Equity (ROE)

XX.XX%

X.X%

Annualised Return on Equity (ROE)

XXX.XX%

XX.XX%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

XX,XXX,XXX

XX,XXX,XXX

Bookvalue (BV)

XXX,XXX,XXX

XXX,XXX,XXX

Liquidity Ratios

Current Ratio

XXX.XX%

XXX.XX%

Doom's day ratio

XX.X%

XX.XX%

Leverage Ratios

Leverage ratio

X,XXX.XX%

X,XXX.XX%

Debt to equity

X,XXX.XX%

X,XXX.XX%

Debt to total assets

XX.XX%

XX.XX%