Mercantil Servicios Financieros Internacional
- Company typePublic
- Founded1919
- HeadquartersPanama City, Panama
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
Mercantil Servicios Financieros Internacional firmographics
Firmographics- Name
- Mercantil Servicios Financieros Internacional
- Legal name
- Mercantil Servicios Financieros Internacional, S.A.
- Website
- https://mercantilsfi.com
- Company type
- Public
- Founded year
- 1919
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Mercantil Servicios Financieros Internacional industry classification
Industry- Product category
- Diversified Financial Services
- NAICS
- Commercial Banking (522110)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Relationship Management & Advisory (Credit, Growth, Succession) (FSABABAJ)
- akta.pro secondary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where Mercantil Servicios Financieros Internacional is headquartered
LocationHeadquarters
- HQ city
- Panama City
- HQ country
- Panama
- HQ region
- Latin America
Offices5 records
Markets served
Mercantil Servicios Financieros Internacional business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Banking — Net Interest Income: Interest income from lending activities and credit operations across Panama and Venezuela, with Mercantil Banco, S.A. reporting over USD 4.2 billion in assets and strong capital adequacy ratios, and Mercantil C.A., Banco Universal maintaining a 45.30% solvency ratio.
- Insurance Premiums: Revenue from health insurance and reinsurance operations through Mercantil Seguros y Reaseguros, S.A. and reinsurance through Mercantil Reaseguradora Internacional, S.A., with a focus on health insurance operations and stable profitability since 2020.
- Wealth and Asset Management: Patrimonial wealth management services as part of the integrated financial services offering, generating fees from management of client assets.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Mercantil Servicios Financieros Internacional product offering
Product offeringCore offering
Mercantil Servicios Financieros Internacional is a multinational financial holding company that delivers integrated banking, insurance, reinsurance, and wealth management solutions through wholly owned subsidiaries in Panama, Venezuela, the United States, and Switzerland. Its core product set comprises retail and commercial banking (Mercantil Banco S.A. and Mercantil C.A., Banco Universal), health-focused insurance (Mercantil Seguros y Reaseguros S.A.), reinsurance (Mercantil Reaseguradora Internacional S.A.), and patrimonial wealth management, served by a digital platform that enables remote account opening and ecosystem-based financing.
Product overview
Mercantil Servicios Financieros Internacional is a diversified financial services group offering integrated solutions across banking, insurance, and reinsurance sectors through its subsidiaries. The company operates primarily through three main business lines: (1) Mercantil Banco, S.A. in Panama providing digital banking solutions for enterprise clients with over USD 4.2 billion in assets; (2) Mercantil C.A., Banco Universal in Venezuela serving individuals and businesses with recognized leadership in deposits and asset quality; and (3) Mercantil Seguros y Reaseguros, S.A. offering insurance and reinsurance products with emphasis on health insurance. The group leverages over 100 years of experience across its multinational operations spanning the Americas (Panama, Venezuela, United States) and Europe (Switzerland).
Differentiator
Problem solved
Functional benefit
Products and services
- Mercantil Banco, S.A. (Panama Banking) Banking products and services offered through Mercantil Banco, S.A. in Panama, serving enterprise ecosystem clients and retail customers with accounts, deposits, financing, and digital banking tools. The bank reported over USD 4.2 billion in assets as of December 2025.
- Mercantil C.A., Banco Universal (Venezuela Banking) Universal banking services provided by Mercantil C.A., Banco Universal in Venezuela, including deposits, lending, and international banking for individuals and businesses, with strong deposit leadership and asset quality (45.30% capital solvency ratio, 1.10% delinquency rate).
- Mercantil Seguros y Reaseguros, S.A. Insurance products, with emphasis on health insurance, issued by Mercantil Seguros y Reaseguros, S.A. in Panama. The subsidiary maintains a strong balance sheet, sound underwriting practices, and positive profitability, with AM Best affirming its credit ratings with a stable outlook.
- Mercantil Reaseguradora Internacional, S.A. Reinsurance services provided by Mercantil Reaseguradora Internacional, S.A., with a diversified reinsurance structure, strong capital position, and stable profitability since 2020. AM Best has affirmed its credit ratings with a stable outlook.
- Wealth and Asset Management Services Patrimonial wealth and asset management services delivered as part of the integrated Mercantil financial group offering, generating fees from the management of client assets.
Quantifiable outcome
- Return on Equity of approximately 6.7% for Mercantil Banco, S.A.
- +3 more outcomes
Companies that use Mercantil Servicios Financieros Internacional
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Mercantil Servicios Financieros Internacional technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Mercantil Servicios Financieros Internacional partnerships and signals
Strategic signalScale indicators9 records
Recent moves5 records
Expansion highlights4 records
Mercantil Servicios Financieros Internacional competitors and assessment
Company assessmentRegional players
- SURA (Grupo SURA): Latin American financial holding with significant insurance and asset management businesses across the region. Comparable to Mercantil's insurance/reinsurance and wealth management subsidiaries operating in adjacent Latin American markets.
- MAPFRE (Panama and LatAm operations): Spanish-headquartered global insurer with material Panama and broader LatAm insurance operations. Comparable as a multi-line insurance and reinsurance provider competing in the same regional markets.
Direct peers
- BBVA Provincial: Major Venezuelan universal bank (part of BBVA group) serving retail and corporate clients. Comparable as a leading universal bank competitor inside Venezuela operating alongside Mercantil C.A., Banco Universal.
- Banco General: Largest Panamanian commercial bank by assets, serving retail and corporate clients with full-service banking. Directly comparable to Mercantil Banco, S.A. as a primary Panama-headquartered commercial bank competing for the same enterprise and retail deposits pool.
- BAC Credomatic: Central American banking group with operations across Panama, Costa Rica, Nicaragua, Honduras, Guatemala, and El Salvador. Comparable as a regional full-service commercial bank serving retail and corporate customers with integrated digital banking.
- Banistmo: Panama-based commercial bank (subsidiary of Grupo Banistmo) offering corporate and retail banking across Panama and Colombia. Closely comparable to Mercantil Banco in customer base, product mix, and Panama-centric digital strategy.
- Banco Nacional de Panamá: Panamanian state-owned commercial bank offering retail and corporate banking. Comparable as a domestic commercial bank competing for Panama enterprise and retail deposits.
- Banesco (Grupo Financiero Banesco): Venezuelan-controlled banking and insurance holding group with operations in Venezuela, Panama, and Spain. Directly comparable to Mercantil as a multi-country integrated financial services group with banking, insurance, and asset management under one umbrella.
- ASSA Compañía de Seguros: Panama/Central America-domiciled insurance carrier offering life, health, and P&C products. Comparable to Mercantil Seguros y Reaseguros as a regional insurance subsidiary serving similar mid-market and corporate policyholders.
Broad incumbents
- Grupo Aval: Colombian financial conglomerate with banking, insurance, and asset management subsidiaries across multiple Latin American countries. Comparable to Mercantil as a diversified LatAm financial holding providing integrated banking, insurance, and wealth services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Mercantil Servicios Financieros Internacional social profiles
Digital presenceMercantil Servicios Financieros Internacional compliance and trust
Trust signalCompliance4 records
Mercantil Servicios Financieros Internacional financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mercantil Servicios Financieros Internacional leadership team
Management profileNumber of profiles
Profiles16 records
Mercantil Servicios Financieros Internacional subsidiaries and ownership
Company hierarchySubsidiaries4 records
Mercantil Servicios Financieros Internacional funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mercantil Servicios Financieros Internacional M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mercantil Servicios Financieros Internacional
What does Mercantil Servicios Financieros Internacional do?
Mercantil Servicios Financieros Internacional is a multinational financial holding company that delivers integrated banking, insurance, reinsurance, and wealth management solutions through wholly owned subsidiaries in Panama, Venezuela, the United States, and Switzerland. Its core product set comprises retail and commercial banking (Mercantil Banco S.A. and Mercantil C.A., Banco Universal), health-focused insurance (Mercantil Seguros y Reaseguros S.A.), reinsurance (Mercantil Reaseguradora Internacional S.A.), and patrimonial wealth management, served by a digital platform that enables remote account opening and ecosystem-based financing.
Is Mercantil Servicios Financieros Internacional a public or private company?
Mercantil Servicios Financieros Internacional is a public company. It is classified as public and is currently operating.
When was Mercantil Servicios Financieros Internacional founded?
Mercantil Servicios Financieros Internacional was founded in 1919. It employs 1 to 10 people.
Where is Mercantil Servicios Financieros Internacional based?
Mercantil Servicios Financieros Internacional is headquartered in Panama City, Panama, in the Latin America region.
How does Mercantil Servicios Financieros Internacional make money?
Three revenue lines are on record. Banking — Net Interest Income is the primary driver. The others are insurance Premiums and wealth and Asset Management.
Who are Mercantil Servicios Financieros Internacional's main competitors?
Regional players on record are SURA (Grupo SURA) and MAPFRE (Panama and LatAm operations). Direct peers are BBVA Provincial, Banco General, BAC Credomatic, Banistmo, Banco Nacional de Panamá, Banesco (Grupo Financiero Banesco) and ASSA Compañía de Seguros. Grupo Aval is listed as a broad incumbent.
Does Mercantil Servicios Financieros Internacional have an API?
No public API is recorded for Mercantil Servicios Financieros Internacional.
What industry is Mercantil Servicios Financieros Internacional in?
Mercantil Servicios Financieros Internacional's product category is Diversified Financial Services. Its primary akta.pro industry code is FSABABAJ, SME Relationship Management & Advisory (Credit, Growth, Succession), with a secondary code of FSAEABAA, Registered Investment Advisor (RIA) Wealth Management. Its NAICS code is 522110 and its SIC code is 6022.