Ruling the Roost
Nov 1, 2011
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 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 and...
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