1. What makes your country attractive to investors?
The energy sector is expected to show high dynamism for many years to come, which makes room for new investment. Also, ambitious government plans to invest in key areas, such as infrastructure, transportation, telecommunications, public education and health, and others, will offer attractive opportunities to invest.
2. What are the economic prospects for your country over the next three to five years?
Fed by high oil fiscal revenues, government spending will support relevant economic growth over the next years, within a context of economic controls, which would make relatively stable prices and FX rates possible as well as a favourable balance of payments.
3. How do you foresee the financial sector in your country changing?
We expect a combination of growth, amid remonetisation, but lowering margins and returns due to increased competition, lower interest rates and higher regulatory costs. This scenario might fuel further consolidation in the banking sector.
4. What role will your bank play in your country’s future development?
Mercantil will continue to play a leading role in financing commerce, agriculture and industry in Venezuela, thus contributing to its development. It will also continue supporting diverse sectors of the community through its foundation, firmly asserting its commitment to the country.
