Best Bank - Argentina
Nov 1, 2010
Santander Río’s strength in retail contributes significantly to it being the most profitable private financial institution in Argentina, says Guillermo Glattstein, strategic planning manager at the bank.
It has the biggest private sector loan portfolio and deposits in Argentina, with 10.0% and 9.5%, respectively, of market share as of March 2010, according to the bank.
Santander is also the most efficient bank in Argentina with a cost income ratio of 39% and it also has the highest fees/expenses ratio, of 90%, according to the bank. Glattstein says the key has been to focus on sectors which it believes will be most profitable, such as SMEs, agriculture and high-and-middle-income individuals.
The bank’s market share by assets is 16%, joint with Galicia and ahead...
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