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
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 hold.
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
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