Balance 150531 May 15 MENSUAL 23,93x36,1 cm INGLES copia

Balance as of May 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. 2,517,175,675. RIF: J-000029709
Period Ended 05/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
14,096,649,869
14,253,505,575
552,308,404
552,605,604
12,008,107,015
12,008,107,015
0
0
38,555,903
194,732,564
0
0
1,497,678,547
1,498,060,392
0
0
6,040,137,703
6,532,436,216
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
2,711,714,000
411,337,818
8,056,800
634,735,620
115,926,221
2,158,367,244
0
25,544,030,368
25,982,243,397
162,081
40,651,616
2,791,236
-481,817,962
232,717,100
0
38,002,123
185,310,831
13,153,338
2,711,714,000
411,337,818
8,056,800
1,099,726,540
143,233,814
2,158,367,244
0
25,544,030,368
25,982,243,397
162,081
40,651,616
2,791,236
-481,817,962
233,210,752
0
38,495,775
185,310,831
13,153,338
0
-3,749,192
91,518,742
0
91,518,742
0
-3,749,192
0
0
0
0
0
2,043,721,322
365,415,110
48,414,190,214
0
0
2,043,721,322
365,816,418
48,972,720,651
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
607,934,803
5,552,499,182
0
607,934,803
5,552,499,182
0
0
0
0
35,321,095,714
0
0
35,630,592,564
0
Period Ended 05/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
42,067,361,747
42,624,267,368
34,546,660,407
34,963,463,323
18,849,915,592
18,849,915,592
11,617,297,806
12,033,811,649
18,805,403
18,805,403
4,060,641,606
4,060,930,679
1,487,887,654
1,489,208,907
0
0
5,927,238,984
5,927,238,984
81,320,422
81,320,422
0
0
24,254,280
163,035,732
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
736,583,771
690,169,145
0
46,414,626
0
0
0
0
14,578,016
13,670,146
0
0
736,583,771
690,169,145
0
46,414,626
0
0
0
0
14,578,026
13,670,156
0
0
907,870
0
0
0
1,874,480,347
0
0
44,693,003,881
873,440,418
0
907,870
0
0
0
1,876,105,153
0
0
45,251,534,318
873,440,418
330,570,240
330,570,240
0
0
342,996,332
116,388,472
2,057,790,871
330,570,240
330,570,240
0
0
342,996,332
116,388,472
2,057,790,871
0
0
2,847,745,915
48,414,190,214
0
0
2,847,745,915
48,972,720,651
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
816,527
0
1,623,901
0
0
118,767,841
639,758,195
4,574,251,641
0
0
0
0
0
0
0
0
0
98,276
0
0
0
0
0
0
0
119,584,468
639,758,195
4,575,973,818
0
0
2,440,528
5,332,777,677
0
98,276
0
5,335,316,481
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 Jan 01, 2015 to May 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 05/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
2,222,778,406
2,223,705,380
0
60
190,846,838
191,773,752
2,023,687,275
2,023,687,275
6,931,502
6,931,502
0
0
1,312,791
327,443,336
325,071,428
0
0
0
1,312,791
327,463,092
325,091,184
0
0
1,892,948
0
0
0
0
478,960
1,895,335,070
401,879
170,672,347
170,672,347
0
0
1,892,948
0
0
0
0
478,960
1,896,242,288
401,879
170,672,347
170,672,347
0
0
349,030,000
3,468,321,733
385,737,679
581,864,086
393,572,906
621,449,705
9.15%
1,568,361,805
(In Bolívars)
Period Ended 05/31/2015
Venezuela´s
Consolidated with
Operations
Foreign Branches
and Offices
1,725,064,602
1,725,971,820
558,842,002
559,516,572
44,912,060
45,789,027
2,238,994,544
2,239,699,365
1,214,768,781
1,215,431,008
627,529,826
627,800,748
384,193,315
384,584,620
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
182,023,492
182,023,492
21,022,148
1,024,225,763
459,394
0
25,868,973
0
21,022,148
1,024,268,357
459,394
0
25,879,386
0
0
62,759,776
987,794,354
0
5,153,936
982,640,418
109,200,000
873,440,418
0
62,812,783
987,794,354
0
5,153,936
982,640,418
109,200,000
873,440,418
Financial Ratios
1. Stockholder’s Equity
(Stockholder’s Equity
+ Operations)
1.1
x 100 = 7.69
Total Assets
1.2
Non-Yielding Assets
x 100 = 22.18
(Stockholder’s Equity
+ Operations)
Germán García-Velutini
President
2. Banking Solvency and Assets’ Quality
Allowance for Investment
Securities
2.1
x 100 = 1.85
Gross Loan Portfolio
2.2
Gross Immobilized Portfolio
x 100 = 0.17
Gross Loan Portfolio
3. Management
(Personnel Expenses +
Operating Expenses)
3.1
Average Yielding Asset
(Personnel Expenses +
Operating Expenses)
3.2
Financial Income
María Inmaculada Esparza
Secretary (E)
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 = 6.49
4.1
x 100 = 45.40
4.2
Net Income
Average Asset
5. Liquidity
x 100 = 0.28
5.1
Net Income
x 100 = 3.99
Average Stockholder´s
Equity
5.2
María Susana Rodríguez
Financial Controller VP
Current Assets
Deposits from the Public
(Current Assets+Investments in
Negotiable Instruments)
Customer´s Deposits
x 100 = 33.51
x 100 = 47.87
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.
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.