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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).

Bancrecer, S.A. Banco de Desarrollo

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Bancrecer, S.A. Banco de Desarrollo

Headquarters
Avenida Francisco de Miranda, Entre 2da y 3ra Transversal de Los palos Grandes, Torre Hp, Piso 11; Los Teques; Miranda
Status: Non-Listed
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (RIF): J-31637417
Incorporation Date: March 24, 2009

Tel: +58-0212-3237653/5197

Company Description

Bancrecer Development Bank was established on May 16th, 2006 by Fundación Banco de Venezuela / Grupo Santander. Currently the company is dedicated to providing financial services such as savings accounts, current accounts and financing, focusing on micro-entrepreneurs in Venezuelan territory.

Company Analysis

According to the Individual - Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 225.60%, from VEF 47,989 thousands to VEF 156,250 thousands. Operating result increased from VEF 3,306 thousands to VEF 53,740 thousands which means 1525.53% change. The results of the period increased 3590.22% reaching VEF 54,357 thousands at the end of the period against VEF 1,473 thousands last year. Return on equity (Net income/Total equity) went from 2.66% to 68.58%, the Return On Asset (Net income / Total Asset) went from 0.23% to 2.54% and the Net Profit Margin (Net Income/Net Sales) went from 3.07% to 34.79% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 2532.14% compared to 1032.06% of last year.

Key Executives

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Balance Sheet

Total Assets

4,000,408

3,486,580

Total Liabilities

X,XXX,XXX

X,XXX,XXX

Shareholders Equity

XXX,XXX

XXX,XXX

* All the accounts are in VEF.
Income Statement

Total Operating Revenue

XXX,XXX

XX,XXX

Operational Profit (Loss)

XX,XXX

XX,XXX

Net Profit (Loss)

XX,XXX

XX,XXX

* All the accounts are in VEF.
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%

XX.XX%

Annualised Return on Equity (ROE)

XXX.X%

XXX.XX%

Return on Sales (ROS)

XXX%

XXX%

Valuation figures and ratios

EBITDA

XXX,XXX

XX,XXX

Bookvalue (BV)

XXX,XXX

XXX,XXX

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%

Trend Ratios

Revenue Trend

X,XXX.XX%

X,XXX.XX%

Net Income Trend

X,XXX.XX%

X,XXX.XX%