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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 del Caribe, C.A. Banco Universal

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco del Caribe, C.A. Banco Universal

Headquarters
Torre Bancaribe, Centro Empresarial Galipan, Avenida Francisco de Miranda, Urbanización El Rosal. Chacao; Distrito Metropolitano de Caracas; Distrito Capital
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (ISIN CODE ): VEV0021410A5
Fiscal ID (ISIN CODE ): VEV0021410B3
Fiscal ID (ISIN CODE ): VEV0021420C0
Fiscal ID (RIF): J-00002949-0
Incorporation Date: October 28, 1998

Tel: +58-212-9545103

Company Description

Banco del Caribe or BanCaribe was founded on February 12,1954. It is a private financial institution in Venezuela specialized in universal banking. It provides financial intermediation services which include capturing of resources to be used for granting loans and financing and investing in securities. It offers its clients the following services: Personal banking, corporate banking, commercial banking.

Company Analysis

According to the Individual - Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 63.55%, from VEF 980,703 thousands to VEF 1,603,910 thousands. Operating result increased from VEF 315,649 thousands to VEF 500,175 thousands which means 58.46% change. The results of the period increased 70.58% reaching VEF 433,006 thousands at the end of the period against VEF 253,842 thousands last year. Return on equity (Net income/Total equity) went from 18.66% to 20.33%, the Return On Asset (Net income / Total Asset) went from 1.28% to 1.24% and the Net Profit Margin (Net Income/Net Sales) went from 25.88% to 27.00% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1517.79% compared to 1343.57% of last year.

Key Executives

Miguel Ignacio Purroy President
Carlos Hernandez Delfino Member of Board of Directors
Edgar Alberto Dao Member of Board of Directors
Eduardo Henríquez Member of Board of Directors
Eduardo Klurfan Member of Board of Directors
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Balance Sheet

Total Assets

40,585,647

38,691,962

Total Liabilities

37,023,311

35,465,851

Shareholders Equity

3,311,749

3,082,525

* All the accounts are in VEF.
Income Statement

Total Operating Revenue

872,763

462,702

Operational Profit (Loss)

299,267

171,464

Net Profit (Loss)

250,587

143,586

* All the accounts are in VEF.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.62%

0.37%

Annualised Return on Assets (ROA)

3.72%

4.44%

Return on Equity (ROE)

7.57%

4.66%

Annualised Return on Equity (ROE)

45.42%

55.92%

Return on Sales (ROS)

91.86%

92.71%

Valuation figures and ratios

EBITDA

711,262

383,778

Enterprise value

29,365,009

28,119,381

Enterprise Value / EBITDA

41.29

73.27

Bookvalue (BV)

3,562,336

3,226,111

Leverage Ratios

Leverage ratio

1,225.5%

1,255.2%

Debt to equity

1,117.94%

1,150.55%

Debt to total assets

91.22%

91.66%

Debt / Enterprise Value

126.08%

126.13%

Market ratios

Market Capitalization/EBITDA

0.21

0.40

Trend Ratios

Revenue Trend

169.24%

192.46%

Net Income Trend

178.9%

206.53%