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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 de Venezuela, S.A. Banco Universal

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco de Venezuela, S.A. Banco Universal

Headquarters
Avenida Universidad de Sociedad a Traposos, Torre Banco de Venezuela; Distrito Metropolitano de Caracas; Distrito Capital
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (ISIN CODE ): VEV000571001
Fiscal ID (RIF): J-000029482
Incorporation Date: June 12, 1975

Tel: +58-212-5013815 / 5012161

Company Description

Banco de Venezuela is a financial institution that was founded on September 2, 1890. It is part of the Spanish Grupo Santander and owns the majority shareholding of the Banco de desarrollo Bancrecer. It is a commercial bank dedicated to financial intermediation, credit and financing, investment in shares and other instruments. It offers to its clients the following services: Commercial Banking, SME Banking, Corporate Banking, Institutional Banking.

Company Analysis

According to the Individual - Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 54.52%, from VEF 3,117,278 thousands to VEF 4,816,882 thousands. Operating result increased from VEF 1,120,177 thousands to VEF 2,525,012 thousands which means 125.41% change. The results of the period increased 128.69% reaching VEF 2,105,091 thousands at the end of the period against VEF 920,502 thousands last year. Return on equity (Net income/Total equity) went from 17.03% to 31.54%, the Return On Asset (Net income / Total Asset) went from 1.16% to 1.71% and the Net Profit Margin (Net Income/Net Sales) went from 29.53% to 43.70% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1716.80% compared to 1354.09% of last year.

Key Executives

Humberto Ortega Díaz President
Alejandro Andrade Member of Board of Directors
Aura Zavarse Member of Board of Directors
César Giral Member of Board of Directors
Eugenio Vásquez Orellana Member of Board of Directors
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Balance Sheet

Total Assets

147,813,244

140,361,065

Total Liabilities

133,305,730

129,734,098

Shareholders Equity

13,473,601

10,095,742

* All the accounts are in VEF.
Income Statement

Total Operating Revenue

2,679,381

1,380,972

Operational Profit (Loss)

1,215,099

623,257

Net Profit (Loss)

1,033,913

531,225

* All the accounts are in VEF.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.7%

0.38%

Annualised Return on Assets (ROA)

4.2%

4.56%

Return on Equity (ROE)

7.67%

5.26%

Annualised Return on Equity (ROE)

46.02%

63.12%

Return on Sales (ROS)

95.37%

95.84%

Valuation figures and ratios

EBITDA

2,264,449

1,175,273

Enterprise value

155,550,423

153,353,462

Enterprise Value / EBITDA

68.69

130.48

Bookvalue (BV)

14,507,514

10,626,967

Leverage Ratios

Leverage ratio

1,097.06%

1,390.3%

Debt to equity

989.38%

1,285.04%

Debt to total assets

90.19%

92.43%

Debt / Enterprise Value

85.7%

84.6%

Market ratios

Market Capitalization/EBITDA

20.94

40.34

Trend Ratios

Revenue Trend

160.93%

163.56%

Net Income Trend

162.09%

165.54%