Mercantil Brasil Financeira is the financing segment of Banco Mercantil do Brasil.
In other words, Mercantil Brasil Financeira is just one of the companies within a group of companies under the Mercantil brand.
These companies can be in the financial segment or not. Thus, the companies are:
Financial Segment
Banco Mercantil do Brasil S.A;
Banco Mercantil de Investimentos S.A;
Mercantil do Brasil Financeira S.A – Credit, Financing and Investments;
Mercantil do Brasil Distribuidora S.A – Securities and Financial Assets;
Mercantil do Brasil Corretora S.A – Exchange, Securities and Financial Assets.
Non-Financial Segment
Bem Aqui Administradora e Corretora de Seguros, Previdência Privada e Correspondente Bancário S.A.;
Mercantil Administração e Corretagem de Seguros S.A.;
MBIA – Mercantil do Brasil Imobiliária e Agronegócio S.A.;
SANSA – Negócios Imobiliários S.A.;
COSEFI – Companhia Securitizadora de Créditos de Financeiros;
Mercantil do Brasil Marketplace e Empreendimentos Imobiliários S.A.;
Domo Digital Tecnologia S.A.
With a presence in 8 Brazilian states, Mercantil has more than 279 service points and 3,300 employees. In 2020, it experienced a growth of 19.5%.
Among the services and solutions offered by the company, we have:
Loans for individuals and businesses;
Credit and debit cards;
Vehicle financing;
Checking account;
Investment options through your Home Broker;
Insurance policies;
Among other more secondary services.
In addition to the services listed above, Mercantil has the payment of the INSS benefit as one of its main services.
By focusing on the payment of the INSS, the company managed to reach over 2.6 million active clients and aims to further increase this number.
As previously mentioned, Mercantil do Brasil Financeira S.A. is the segment of Banco Mercantil do Brasil responsible for credit, financing, and investments.
The history of Mercantil Brasil Financeira began on May 3, 1943, when the first branch of Banco Mercantil do Brasil was inaugurated in Curvelo (MG). At that time, the company was called Banco Mercantil de Minas Gerais.
Ten years after its founding, the company was acquired by the Araújo family. In 1955, the Banco Industrial de Minas Gerais was incorporated into the company's assets. In 1960, the banks Santa Cruz and Metrópole were incorporated.
In 1968, the headquarters building was inaugurated in Belo Horizonte. Since then, it has housed the company's administrative team.
Two years later, in 1970, Banco Mercantil de Investimentos (BMI) was created, the only investment bank in Minas Gerais. In 1972, Banco Industrial de Campina Grande was incorporated.
This led to a breaking of the borders of Minas Gerais in terms of the company's operations. The year 1974 was significant for the company, as it saw the incorporation of Banco Mercantil do Brasil and the official name change.
Another important year was 1977, when the company went public on the stock exchange. In 1999, a revitalization of the visual identity and agency network was carried out.
Later, in 2010, the company sold the INSS auction in Minas Gerais and in the interior of São Paulo, focusing on serving INSS beneficiaries.
In 2018, the company received the ISO 9001 Certification for its main agency, which served to prove the quality of service at the company. Finally, in 2021, the company migrated to level 1 of B3 and consolidated its corporate governance.
