Ruling the Roost
Best Bank - Mexico - Best Investment Bank – BBVA Bancomer
It is difficult to knock BBVA Bancomer off its perch as the
largest, most profitable bank in Mexico. The Spanish-owned
institution continues to win top marks all around among
analysts covering the sector. The success of its local
investment banking business this year only adds to its
strengths at a time when Mexico’s credit cycle may
be on an upward trajectory.
The somewhat staid nature of Mexico’s banking
system, which is essentially dominated by a handful of mostly
foreign owned institutions, may not make it the most exciting
story over the 2010-2011 period, but to be the number one bank
in this sort of operating environment is an envious position to
The country’s financial system has proved its
mettle after emerging from Mexico’s dramatic
economic downturn in 2009 relatively unscathed. More
uncertainties are on the horizon given the doubts over growth
prospects for the US economy and...
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