Mercantil Servicios Financieros announced earnings results for the second quarter of 2016. Earnings declined due to a strong increase in costs and expenses. The net income of VEB 3.28 billion was down 2.2% year-on-year. Net interest income and insurance premiums (net of claims) rose 102% and 182% year-on-year to VEB 18.8 billion and VEB 2.44 billion, respectively.