October,
2003
Microenterprises Receive Bs.120
Billion in September
(Ministry of Finance Official Bulletin No 56-October,
reproduced by Conapri's newsletter: Invest Venezuela
No 37) - The banking system granted Bs.120.5
billion in loans to microenterprises in September.
Of this amount Bs.111.8 billion was lent by commercial
banks and Bs.8.6 billion by state banks, according
to the September report issued by the Superintendency
of Banks and Other Financial Institutions.
Banco Mercantil
held the largest loan portfolio for microenterprises
with Bs.29.16 billion; followed by Banesco Bs.15.49
billion; Venezuela Bs.13.40 billion and Provincial
Bs.12.06 billion.
