Banco Mercantil Santa Cruz S.A. doing business as Mercantil Santa Cruz (abbreviated as BMSC) is a Bolivian bank and financial services company with headquarters in La Paz. As of 2015, Banco Mercantil Santa Cruz is the largest bank in Bolivia by assets.[3] It is a full-service corporation that provides a wide range of financial products and services to an individual and corporate client base through a national network of operating 93 branches, more than 350 ATMs, call centers, and online and mobile banking platforms.
Banco Mercantil Santa Cruz was created in 2006 by the merger of Banco Mercantil and Banco Santa Cruz, which began operations in 1905 and 1966 respectively.
History
Banco Mercantil
The history of Banco Mercantil Santa Cruz dates back to December 11, 1905, when Simón I. Patiño, a Bolivian magnate who was among the world's wealthiest people at the time of his death, founded Banco Mercantil. Its headquarters were established in Oruro, which at that time it was the main mining center of Bolivia. The bank was set with an initial capital of physical gold worth £1,000,000, which were transferred from