One notable result of the inaugural Itaú 2013 Investor
Outlook for the Latin American Banking Sector is the sense of
assuredness investors have expressed for the industry - at a
time of considerable broader anxiety over the future of global
Latin banking: Strength in numbers
In the wake of a landmark investor survey of Latin America’s banking sector, LatinFinance takes stock of a range of views of investment professionals weighing up the merits of a fast evolving industry
The picture that emerges from the study - produced jointly
by LatinFinance and consultancy firm Management &
Excellence (M&E) - is of a generally well-regulated
industry that features conservative management across broadly
resilient economies that, in turn, offer their banking sectors
ample scope for growth, not least in areas such as wealth
management and corporate bonds.
Colombia and Brazil are both surprises in the survey,
although for strikingly different reasons. Colombia's
government and banks are increasingly trusted, creating a
virtuous circle. Meanwhile, Brazilian bank profits are being
curtailed by an interventionist administration.
Investors are increasingly focused on the industry. Chevy
Chase Trust, with $13 billion under management, is overweight
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