Argentina's banks, a pillar of strength before the country slid
into recession in 1998, are facing an uncertain future. As
Argentina enters its fourth year of recession, preparing for
the worst is the only sensible course the banks can take. Banco
Río de la Plata, a subsidiary of Spain's Banco Santander
Central Hispano (BSCH) once again wins LatinFinance's
award for Best Bank in Argentina for its resilience and ability
to adapt to adverse conditions.
"Until Argentina recovers and is able to rid itself of the
recession, our priority is to strengthen our balance sheet in
terms of our loan portfolio and liquidity positions," says
Enrique Cristofani, Banco Río's general manager. "We are
being very conservative and increasing our loan
Although the bank has its share of non-performing loans to
Argentina's struggling corporates, it has been careful to
maintain a coverage ratio of...
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