Mercantil Servicios Financieros, C.A. announced unaudited consolidated earnings results for the quarter ended March 31, 2017. For the period, the company reported interest income of VEB 44,060 million as compared to VEB 21,557 million for the same period last year. Net interest income was VEB 34,596 million as compared to VEB 15,123 million for the same period last year. Operating income was VEB 56,021 million as compared to VEB 21,524 million for the same period last year. Net income was VEB 4,968 million as compared to VEB 3,479 million for the same period last year. Net cash provided by operating activities was VEB 12,637 million as compared to VEB 10,278 million for the same period last year. Additions to fixed assets, net of depreciation and write-offs was VEB 409 million as compared to VEB 1,314 million for the same period last year. ROE & ROA in first quarter of 2017 reached 25.7% and 1.2%, respectively compared to 28.2% and 2.1% in first quarter of 2016, respectively. Book value per share was VEB 746 million compared to VEB 597 million for the same period last year.