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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).

Banco Activo, C.A. Banco Universal

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco Activo, C.A. Banco Universal

Previous name(s)
Banco Hipotecario Activo C.A. (2006)
Banesco Banco Hipotecario C.A. (2003)

Headquarters
Avenida Francisco de Miranda, Urbanización Los Palos Grandes, Edificio Cavendes, Piso 3, Oficina 303; Distrito Metropolitano de Caracas; Distrito Capital
Status: Delisted
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (ISIN CODE ): VEV001191007
Fiscal ID (RIF): J-08006622-7
Incorporation Date: March 9, 1978

Tel: +58-212-2091307 / 2091309

Company Description

Banco Activo C.A. was established in 1978 as a Mortgage Bank. It was acquired by a new group of shareholders in 2006, which transformed it into a Commercial Bank of private capital. They provide financial solutions.

Company Analysis

According to the Individual - Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 69.30%, from VEF 135,414 thousands to VEF 229,260 thousands. Operating result increased from VEF 26,524 thousands to VEF 68,114 thousands which means 156.80% change. The results of the period increased 161.70% reaching VEF 53,400 thousands at the end of the period against VEF 20,405 thousands last year. Return on equity (Net income/Total equity) went from 8.70% to 13.87%, the Return On Asset (Net income / Total Asset) went from 0.81% to 1.02% and the Net Profit Margin (Net Income/Net Sales) went from 15.07% to 23.29% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1246.81% compared to 969.09% of last year.

Key Executives

José Antonio Oliveros Febres-Cordero President
Alejandro Montenegro Member of Board of Directors
Giancarlo Pietri Velutini Member of Board of Directors
José Luis Colmenter Member of Board of Directors
Luis Franco Peralta Member of Board of Directors
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Balance Sheet

Total Assets

5,484,674

5,550,953

Total Liabilities

4,922,365

5,049,263

Shareholders Equity

532,165

485,571

* All the accounts are in VEF.
Income Statement

Total Operating Revenue

192,180

107,426

Operational Profit (Loss)

52,626

33,914

Net Profit (Loss)

30,144

16,119

* All the accounts are in VEF.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.55%

0.29%

Annualised Return on Assets (ROA)

3.3%

3.48%

Return on Equity (ROE)

5.66%

3.32%

Annualised Return on Equity (ROE)

33.96%

39.84%

Return on Sales (ROS)

98.18%

98.32%

Valuation figures and ratios

EBITDA

163,623

93,436

Bookvalue (BV)

562,309

501,690

Leverage Ratios

Leverage ratio

1,030.63%

1,143.18%

Debt to equity

924.97%

1,039.86%

Debt to total assets

89.75%

90.96%

Trend Ratios

Revenue Trend

220.23%

258.11%

Net Income Trend

223.06%

258.69%