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

Bancamiga, Banco de Desarrollo

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Bancamiga, Banco de Desarrollo

Headquarters
Avenida Francisco Solano Lopez, Centro Empresarial Sabana Grande, Nivel Solano, Local S-9, Sabana Grande; Distrito Metropolitano de Caracas; Distrito Capital
Status: Non-Listed
Legal Form: Other non-liability limited
Operational Status: Operational
Fiscal ID (RIF): J-31628759-9
Incorporation Date: April 10, 2007

Tel: +58-212-7615626 / 5727

Company Description

BANCAMIGA Banco de Desarrollo, C.A. is a financial institution founded in Caracas on August 8, 2006. Its corporate purpose is the promotion, development and financing of microfinance activities.

Company Analysis

According to the Individual - Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 474.67%, from VEF 6,187 thousands to VEF 35,555 thousands. Operating Results increased from VEF -3,064 thousands to VEF 16,061 thousands. The results of the period reached VEF 15,189 thousands at the end of the period against VEF -3,077 thousands last year. Return on equity (Net income/Total equity) went from -24.54% to 28.79%, the Return On Asset (Net income / Total Asset) went from -2.63% to 5.34% and the Net Profit Margin (Net Income/Net Sales) went from -49.73% to 42.72% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 409.96% compared to 858.50% of last year.

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Balance Sheet

Total Assets

353,656

301,400

Total Liabilities

XXX,XXX

XXX,XXX

Shareholders Equity

XX,XXX

XX,XXX

* All the accounts are in VEF.
Income Statement

Total Operating Revenue

XX,XXX

X,XXX

Operational Profit (Loss)

X,XXX

XXX

Net Profit (Loss)

X,XXX

XXX

* All the accounts are in VEF.
Ratios
Profitability Ratios

Return on Assets (ROA)

X.XX%

X.XX%

Annualised Return on Assets (ROA)

XX.XX%

X.XX%

Return on Equity (ROE)

X.XX%

X.XX%

Annualised Return on Equity (ROE)

XX.XX%

XX.XX%

Return on Sales (ROS)

XXX%

XXX%

Valuation figures and ratios

EBITDA

XX,XXX

X,XXX

Bookvalue (BV)

XX,XXX

XX,XXX

Leverage Ratios

Leverage ratio

XXX.XX%

XXX.XX%

Debt to equity

XXX.XX%

XXX.XX%

Debt to total assets

XX.XX%

XX.XX%

Trend Ratios

Revenue Trend

XXX.XX%

XXX.XX%

Net Income Trend

XXX.XX%

XXX.XX%