Mercantil Commercebank reports lower profits

Mercantil Commercebank on Wednesday reported $7.4 million in third quarter profits, down from $8.1 million in the third quarter of 2012.

The Coral Gables-based bank’s net loans closed at $4.5 billion, an increase of 13.4 percent from the same quarter of last year.

Mercantil Commercebank has $6.9 billion in assets and 19 banking centers, including 15 in South Florida, three in Houston and one in New York. The bank’s parent is Mercantil Servicios Financieros, the largest provider of financial services in Venezuela.

Read more Business stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category