Balance 150831 Ago 15 MENSUAL 23,93x36,1 cm INGLES copia

Balance as of August 31, 2015
(In Bolivars)
www.venezolano.com
Venezolano de Crédito, S.A., Banco Universal, Issued and Paid - in Capital Bs. 330,570,240. Reserves Bs. 3,644,386,238. RIF: J-000029709
Period Ended 08/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
16,732,756,738
16,918,807,970
765,088,603
765,385,803
14,267,846,296
14,267,846,296
0
0
34,755,555
220,307,774
0
0
1,665,066,284
1,665,268,097
0
0
5,557,894,782
6,010,924,838
Assets
Cash and Due from Banks
Cash
Banco Central de Venezuela
Domestic Banks and Other Financial Institutions
Foreign Banks and Correspondents
Main Office and Branches
Clearing House Funds
(Allowances for Cash and Due from Banks)
Investments Securities
Placements in Banco Central de Venezuela and
Interbanking Transactions
Trading Securities
Available for Sale Securities
Held to Maturity Securities
Restricted Cash Investment
Other Securities
(Allowance for Investment Securities)
Loan Portfolio
Current Loans
Restructured Loans
Past-due Loans
Loans in Litigation
(Allowance for Loan Portfolio)
Interest and Commissions Receivable
Accrued Interest Receivable from Cash and Due From Banks
Accrued Interest Receivable from Investments Securities
Accrued Interest Receivable from Loan Portfolio
Comissions Receivable
Accrued Interest and Comissions Receivable from
Other Accounts Receivable
(Allowance for Accrued Interest Receivable and Other)
Investments in Subsidiaries, Affiliates and Branches
Investments in Subsidiaries and Affiliates
Investments in Branches
(Allowance for Investments in Subsidiaries, Affiliates
and Branches)
Foreclosed Assets
Premises and Equipments
Other Assets
Total Assets
580,892,000
1,031,023,175
8,056,800
1,362,239,250
119,830,421
2,455,853,136
0
35,297,373,437
35,922,401,227
91,297
25,530,114
23,216,012
-673,865,213
329,963,862
0
48,777,135
277,155,744
7,068,192
580,892,000
1,031,023,175
8,056,800
1,787,959,251
147,140,476
2,455,853,136
0
35,297,374,779
35,922,401,227
91,297
25,531,456
23,216,012
-673,865,213
331,391,783
0
50,205,056
277,155,744
7,068,192
0
-3,037,209
93,401,971
0
93,401,971
0
-3,037,209
0
0
0
0
0
2,390,897,238
656,703,643
61,058,991,671
0
0
2,390,897,238
656,974,531
61,606,371,139
Memorandum Accounts
Contingent Debit Accounts
Trust Assets
Other Trust
Debit Accounts for Other Trust Charges
(Housing Trust Fin Regime de Vivienda y Habitat)
Other Debit Accounts of the Residential Housing
Savings Plan
Other Debit Memorandum Accounts
Other Debit Registration Accounts
Trust Assets
Type of
Trust
Investment
Guaranty
Administration
Mixed
Others
Total
927,524,899
6,174,373,368
0
927,524,899
6,174,373,368
0
0
0
0
42,697,120,309
0
0
43,006,617,159
0
Period Ended 08/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
52,296,277,322
52,841,935,246
43,517,020,062
43,922,641,982
20,446,415,682
20,446,415,682
13,727,915,365
14,133,537,285
16,491,294
16,491,294
9,326,197,721
9,326,197,721
1,569,905,916
1,570,650,075
0
0
7,074,514,896
7,074,514,896
65,009,475
65,298,548
0
0
69,826,973
208,829,745
0
0
0
0
Liabilities
Customers’ Deposits
Demand Deposits
Non-Interest Bearing Current Accounts
Interest Bearing Current Accounts
Current accounts under exchange agreement n° 20
Demand Deposits and Certificates
Other Demand Obligations
Obligations in connection with money desk transactions
Savings Deposits
Time Deposits
Securities Issued by the Bank
Restricted Customer´s Deposits
Rights and Participations on Securities
Obligations with Banco Central de Venezuela
Deposits and Obligations with Banco Nacional de
Vivienda y Hábitat
Other Borrowings
Obligations with Domestic Financial Institutions due in one year or less
Obligations with Domestic Financial Institutions due over one year
Obligations with Foreign Financial Institutions due in one year or less
Obligations with Foreign Financial Institutions due over one year
Obligations resulting from other borrowings due in one year or less
Obligations resulting from other borrowings due over one year
Other Financial Intermediation Obligations
Interest and Commissions Payable
Accrued Expenses for Customer´s Deposits
Accrued Expenses for Obligations with Banco Central de Venezuela
Accrued Expenses for Deposits and Obligations with
Banco Nacional de Vivienda y Hábitat
Accrued Expenses for Other Borrowings
Accrued Expenses for Other Financial Intermediation Obligations
Other Accrued Expenses for Obligations
Accrued Expenses for Subordinated Obligations
Accruals and Other Liabilities
Subordinated Obligations
Other Obligations
Total Liabilities
Operations
0
1,944,119,932
1,897,654,686
0
46,465,246
0
0
0
0
47,836,316
42,836,532
0
0
1,944,119,932
1,897,654,686
0
46,465,246
0
0
0
0
47,836,318
42,836,534
0
0
4,999,784
0
0
0
2,056,191,725
0
0
56,344,425,295
739,609,898
0
4,999,784
0
0
0
2,057,913,267
0
0
56,891,804,763
739,609,898
330,570,240
330,570,240
0
0
344,649,183
116,388,472
3,183,348,583
330,570,240
330,570,240
0
0
344,649,183
116,388,472
3,183,348,583
0
0
3,974,956,478
61,058,991,671
0
0
3,974,956,478
61,606,371,139
Stockholder´s Equity
Capital Stock
Paid-in Capital
Obligations Convertible into Shares
Uncapitalized Equity Contributions
Capital Reserves
Adjustment to Stockholders´ Equity
Retained Earnings
Unrealized Gain or Loss on Available for
Sale Securities
(Treasury Stock)
Total Stockholders´ Equity
Total del Pasivo y Patrimonio
Complementary Information
(Details)
Individuals
Corporate
Entities
Central
Administration
Public, State, Municipal
and Central
Administrations
Descentralized Entities
and Other Entities with
Special Regime
Total
794,427
0
1,715,468
0
0
231,224,575
637,166,209
5,057,678,447
0
0
0
0
0
0
0
0
0
98,276
0
0
0
0
0
0
0
232,019,002
637,166,209
5,059,492,191
0
0
2,509,895
5,926,069,231
0
98,276
0
5,928,677,402
Transferred Investments
Loans to Agricultural Sector
Accumulated Loans to Agricultural Sector
Deposits of Official Entities
Micro Credits
Loans to Tourism Sector in Accordance to the
Legislation in Force
Mortgages in Accordance to the Special Law on
Protection to the Mortgage Creditor
Return on Assets
Loans Granted to Manufacturing Industry
Statement of Published Earnings from July 01, 2015 to August 31, 2015
Financial Income
Cash and Due from Banks
Investments Securities
Loan Portfolio
Other Accounts Receivable
Investments in Subsidiaries, Affiliates and
Branches
Main Office and Branches
Other
Financial Expenses
Customers´ Deposit
Obligations with Banco Central de Venezuela
Deposits and Obligations with Banco
Nacional de Vivienda y Habitat
Other Borrowings
Other Financial Intermediation Obligations
Underlying Obligations
Others Obligations
Main Office and Branches
Other
Gross Financial Margin
Income from Recovery of Financial Assets
Expenses for Uncollectible and Impaired Financial Assets
Uncollectible Loans and Other Accounts Receivable
Allowances and Adjustments
Period Ended 08/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
1,606,070,972
1,606,545,493
0
10
84,543,177
85,017,688
1,518,237,203
1,518,237,203
2,992,218
2,992,218
0
0
298,374
296,980,854
278,423,348
86,806
0
0
298,374
296,989,183
278,431,677
86,806
0
18,260,759
0
0
0
0
209,941
1,309,090,118
81,983
137,266,009
137,266,009
0
0
18,260,759
0
0
0
0
209,941
1,309,556,310
81,983
137,266,009
137,266,009
0
0
12,823,112
3,150,662,851
415,611,769
1,061,787,488
532,752,199
723,172,307
9.44%
1,324,051,947
(In Bolívars)
Period Ended 08/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
1,171,906,092
1,172,372,284
559,247,592
559,401,390
21,517,243
21,888,775
1,709,636,441
1,709,884,899
909,399,288
909,619,728
529,312,781
529,379,780
266,986,128
267,139,569
Net Financial Margin
Other Operating Income
Other Operating Expenses
Financial Intermediation Margin
Less-Operating Expenses
Personnel
General and Administrative
Contributions to Fondo de Garantía de Depositos y
Protección Bancaria
Contributions to Superintendencia de Bancos y Otras
InstitucionesFinancieras
Gross Operating Margin
Income from Foreclosed Assets
Income from Special Programs
Miscellaneous Operating Income
Expenses for Foreclosed Assets
Expenses for Depreciation, Amortization and Impaired
Miscellaneous Assets
Miscellaneous Operating Expenses
Net Operating Margin
Extraordinary Income
Extraordinary Expenses
Gross Income Before Income Taxes
Income Taxes
Net Income
101,795,856
101,795,856
11,304,523
800,237,153
183,774
0
1,888,740
0
11,304,523
800,265,171
183,774
0
1,897,039
0
0
49,753,705
752,555,962
500,000
13,446,064
739,609,898
0
739,609,898
0
49,790,022
752,555,962
500,000
13,446,064
739,609,898
0
739,609,898
Financial Ratios
1. Stockholder’s Equity
(Stockholder’s Equity
+ Operations)
1.1
x 100 = 7.72
Total Assets
1.2
Non-Yielding Assets
x 100 = 427.53
(Stockholder’s Equity
+ Operations)
Germán García-Velutini
President
2. Banking Solvency and Assets’ Quality
Allowance for Investment
Securities
2.1
x 100 = 1.87
Gross Loan Portfolio
2.2
Gross Immobilized Portfolio
x 100 = 0.14
Gross Loan Portfolio
3. Management
(Personnel Expenses +
Operating Expenses)
3.1
Average Yielding Asset
(Personnel Expenses +
Operating Expenses)
3.2
Financial Income
Leonardo Ascenzi López
Secretary
Branches and Service Offices: Caracas - Venezolano de Crédito Casa Matriz: Urb. San Bernardino, Av. Alameda, Edif. Venezolano de Crédito, P.B. Telf.
806.6111. Oficina Centro: Sur 2, Nº 7, Monjas a San Francisco. Sucursales: La Trinidad Centro Comercial Sorocaima, Av. La Trinidad con Calle San Miguel.
Bello Monte Res. Balpeca, Esquina Calles Las Ciencias y Edison. Chacao Edif. EXA, Av. Libertador. El Paraiso Centro Plaza Páez. San Luis Centro
Comercial San Luis. Mata de Coco Centro Comercial Mata de Coco. San Bernardino Av. Vollmer, Edif. C.A. La Electricidad de Caracas. Galerías Bolívar
Boulevard de Sabana Grande. Las Mercedes Edif. BVC, Calle Londres. Mene Grande Av. Francisco de Miranda, Edif. Mene Grande. Sebucan Av. Rómulo
Gallegos, Edif. Las Américas, Locales A, B y C. La Lagunita Av. Sur, Zona B. Av. Libertador Centro Comercial Av. Libertador, entre C. Negrín y Av. Libertador,
Nivel P2. Prados del Este Av. Paseo, Centro Comercial El Morichal. La Estancia Av. La Estancia Edif. Torre Diamen, Chuao. Los Ruices Av Ppal. de Los
Ruices cruce con 1ª Transv., Edif. Principal. La Urbina Calle 10, Edif. Anauco. Guarenas Centro Comercial Buenaventura, Av. Intercomunal Guarenas-Guatire.
Av. Urdaneta entre Punceres y Plaza España. La Florida Av. Andrés Bello, Res. Lido, P.B. Los Palos Grandes Av. Andrés Bello, con 4ª Tranvs. Boleíta Av.
Rómulo Gallegos, C/C Las Palmas, Local 3, Centro Gerencial Los Andes. Cumbres de Curumo C.C. Cumbres de Curumo, P.B. El Rosal Av. Francisco de
Miranda, Av. Tamanaco con C. Mohedano, Centro Seguros Sud América, P.B.-M. La Castellana Edif. Centro Letonia, Torre ING Bank, Av. Eugenio Mendoza y
San Felipe, La Castellana. Carrizal Centro Médico Docente Los Altos. EPA San Martín Av. San Martín, Urb. Industrial San Martín. EPA Los Ruices Calle A,
Zona Industrial Los Ruices. Los Naranjos Av. El Paují, C.C. Galerías Los Naranjos, Nivel Plaza. Macaracuay C.C. Macaracuay Plaza, Nivel C-2. Excelsior
Gama Plus Santa Eduvigis. Centro Expreso C.C. Expreso, Chacaíto. Excelsior Gama Santa Fe C.C. Santa Fe. Centro Expreso Baruta. Santa Paula Av.
Circunvalación del Sol, Edif. Santa Paula Plaza I, P.B. Catia Av. España, Nº 29, Boulevard de Catia.
Interior: Valencia Av. Bolívar, Edif. 109-18. Barquisimeto Carrera 19, entre 14 y 15. San Cristóbal C.C. Boulevard Pirineos, P.B. Maracaibo Av. Bella Vista
con C. 76. Puerto Ordaz C. Guri cruce con C. Cuchivero. Ciudad Ojeda Carretera N con Av. Intercomunal, frente al Centro Médico Lagunillas. El Tigre Av.
Intercomunal El Tigre, San José de Guanipa. Maturín Av. Bolívar con C. 4, Nº 30. Maracaibo Zona Industrial Edif. Wilera I, Nº 115-130, P.B., Circunvalación Nº 2.
4. Profitability
x 100 = 12.89
4.1
x 100 = 107.79
4.2
Net Income
Average Asset
5. Liquidity
x 100 = 3.62
Net Income
x 100 = 141.38
Average Stockholder´s
Equity
Rita Isabel Torres
Accountant
5.1
5.2
Current Assets
Deposits from the Public
(Current Assets+Investments in
Negotiable Instruments)
Customer´s Deposits
x 100 = 32.00
x 100 = 42.62
Eduardo Semprún Uzcátegui
Auditor
Valencia Zona Industrial Av. Henry Ford, C.C. Boulevard Industrial Municipal. Anaco Sector Noreste del Parcelamiento Anaco, entre Av. Lara y Av. José Antonio
Anzoátegui. Barquisimeto (Los Leones) Av. Los Leones con C. Madrid, dentro de la Policlínica Barquisimeto, Edo. Lara. Valencia El Viñedo Boulevard Los
Naranjos, Urb. El Viñedo. Maracay Las Delicias Urb. Base Aragua, Av. Gral. Páez con 2ª Tranvs. La Victoria C.C. Ciudad Morichal entre Av. La Victoria y Av. El
Peaje. EPA Turmero Av. Intercomunal de Turmero, Edo. Aragua. Puerto La Cruz Las Garzas Torre BVC entre Intercomunal A. Bello y A. Vespucio. Makro
Mérida Av. Centenario, Mérida. Makro Charallave Av. Intercomunal de Charallave, Sector Paseo Real. Punto Fijo Edif. Sede Telcel, Av. Pumarosa con C. José
L. Chirinos, Edo. Falcón. Makro El Tigre Av. Intercomunal El Tigre-El Tigrito, Edo. Anzoátegui. Makro Paraguaná Carretera Los Taques, Sector El Taparo, Punto
Fijo, Edo. Falcón. EPA La Granja C.C. La Granja, Av. Universidad, Valencia. Porlamar C.C. Rattan Plaza, Edo. Nueva Esparta. Makro Valera Autopista Valera,
Edo. Trujillo. Makro Barinas Edo. Barinas. Makro El Vigía Carretera Panamericana, Edo. Mérida. Makro Valle de La Pascua Av. Rómulo Gallegos, Edo.
Guárico. Makro Porlamar Av. Francisco Fajardo, Vía El Valle, Edo. Nueva Esparta. Cagua C. Sabana Larga con C. Cagigal, C.C. Trinidad Plaza. Mérida Av.
Andrés Bello, C.C. Europlaza, Urb. Las Delicias. Makro Acarigua Av. Vencedores de Araure, Edo. Portuguesa. Makro Cumaná Av. Rotaria con Av. Carúpano.
Makro Barquisimeto Av. Las Industrias. Makro Valencia entre Dist. San Diego y San Blas. Makro Vargas Av. Fuerzas Armadas, Aeropuerto Internacional
Simón Bolívar. Febeca DD, Valencia. Makro Maracay Sector Los Samanes, Municipio Girardot. Makro San Felipe Av. Intercomunal San Felipe. Makro
Naguanagua Av. Colectora, Terrazas de Naguanagua. Barquisimeto Parque Real Av. Los Leones, Centro Comercial Parque Real, Barquisimeto. Maracaibo
Norte Av. Milagro Norte, C.C. Lago Norte, Maracaibo. Makro San Juan Av. Acosta Carles con Av. Zona Industrial, San Juan de los Morros.
In Company Branches: Procter & Gamble, Sorokaima. Procter & Gamble, Barquisimeto. Procter & Gamble, Guatire. Hewlett Packard, Los Palos Grandes.
Alimentos Kellogg´s, Maracay. Telcel, Caracas. Parmalat, Caracas. El Universal, Caracas. Johnson&Johnson, Caracas. Bigott, Los Dos Caminos. Bayer, El
Rosal. Leopoldo Aguerrevere, Caracas. Río Turbio, Barquisimeto. Febeca, Valencia.
Abroad: Grand Cayman VCBU, S.A., Banco Universal y TMF (Cayman) Ltd. 1st Floor, Windward 1, Regatta Office Park, P.O. Box 10338, Grand Cayman
KY1-1003, Cayman Islands.