| ||Mercantil Bank (Schweiz) - 25 years of history |
BMS FINANZ AG is founded and starts its activites as a finance institution, offering trade finance, letters of credit and doc collections, among others.
BMS Finanz AG obtains a swiss banking license and operates since then as a swiss bank and securities broker under the new name Banco Mercantil (Schweiz) AG, as the first Latin-American bank established in Switzerland.Besides the trade finance business the bank starts focusing on the development of private and corporate banking.
The Bank changes its branding and legal name to Mercantil Bank (Schweiz) AG.
The Bank starts its transformation, focusing exclusively on Private Banking activities.