May the Best Banks Win
LatinFinance staffers picked over two dozen banks across Latin America and the Caribbean as the very best in the business. This is how we chose the winners.
Our Banks of the Year issue has evolved over time. It began
by highlighting strong financials at select domestically owned
banks in Latin America and the Caribbean. Then, as a growing
number of institutions in big markets like Mexico were plucked
by multinationals, LatinFinance began acknowledging
achievements by the large Spanish banks, for example. This
latest edition presents winners based on a comprehensive
evaluation of financial reports, while taking into account
qualitative factors like strategy.
Although some shortsighted financial market observers argue
that all the jewels in the region have been snatched, others
note that firms in often-overlooked markets like Central
America are ripe for the picking. In fact, now, as ever, the
region is a hotbed of M&A activity for the financial
sector. Three-quarters of the way through 2006, a quick search
of deals on capital markets data provider Dealogic shows a
hearty $7 billion in bank acquisitions...
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