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Best Venezuelan Trade Bank

03 August 2010

Setting the example

Winner: Banco MercantilHighly commended: Banco Del Caribe The trade finance market in Venezuela has seen rough times lately as the country, after the introduction of exchange controls in early 2003, saw its imports almost quadruple during the following five years to some $50 billion and its non-oil exports sink to all-time lows, both as a direct consequence of an exchange rate freeze on the part of the Central Bank of Venezuela. After peaking in 2008, imports have subsided to more reasonable levels and should hover this year to about half...


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