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Awards: Banks of the Year 2013

Nov 1, 2013

From inflation to currency depreciation and government meddling, banks across the region have had to contend with a broad range of economic, financial and political hurdles over the past year. LatinFinance recognizes the ones that have stood out

For banks in Latin America and the Caribbean, even the most basic of functions - taking deposits and extending loans - has rarely been a straightforward business. In this regard, the past year was no exception.

Across the region, lenders have faced a range of familiar obstacles. Some have had to contend with inflation and the risk of asset bubbles, or capricious governments that have changed rules without warning. Others have grappled with a rapidly more competitive landscape, whether through the arrival of foreign lenders or through waves of consolidation.

Global forces have also had an impact over the past year. The region's banks have had to be especially mindful of foreign exchange risk in a year which saw sharp swings in currency markets.

In our awards for Banks of the Year 2013 we recognize the banks that have demonstrated the most impressive performance in the context of their particular domestic market constraints.

In each jurisdiction under consideration, LatinFinance reviewed the performance of the major institutions between July 1, 2012 and June 30, 2013. We compared changes to their lending and financial strength, and looked at their strategies including innovative market funding operations and mergers and acquisitions. We referred to banks' financial statements, data from their regulators, and in-depth coverage of financial markets in LatinFinance's Daily Brief; we also sought the input of a range of market participants, including ratings agency analysts and other banking sector experts, on banks' strategies and performance.

For investment banks, we examined their record of activity in debt, equity and M&A over the same reference period, as well as making sure their financial footing was sound. In these categories, we referred to the LatinFinance Daily Brief, Dealogic league tables, and sought feedback from market participants.

Bank of the Year: click for the winner

Bank of the Year, Brazil: click for the winner

Bank of the Year, Mexico: click for the winner

Bank of the Year, Argentina: click for the winner

Bank of the Year, Colombia: click for the winner

Bank of the Year, Venezuela: click for the winner

Bank of the Year, Chile: click for the winner

Bank of the Year, Peru: click for the winner

Bank of the Year, Ecuador: click for the winner

Bank of the Year, Dominican Republic: click for the winner

Bank of the Year, Guatemala: click for the winner

Bank of the Year, Uruguay: click for the winner

Bank of the Year, Costa Rica: click for the winner

Bank of the Year, Panama: click for the winner

Bank of the Year, Paraguay: click for the winner

Bank of the Year, Bolivia: click for the winner

Bank of the Year, Trinidad and Tobago: click for the winner

Bank of the Year, El Salvador: click for the winner

Bank of the Year, Central America: click for the winner

Bank of the Year, Caribbean: click for the winner

Investment Bank Brazil: click for the winner

Investment Bank, Mexico: click for the winner

Investment Bank, Colombia: click for the winner

Investment Bank, Chile: click for the winner

Multilateral Development Bank: click for the winner

Microfinance Institution: click for the winner



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Comments
  • Joylene Griffiths Irving Dec 6, 2013

    The Latin Finance Bank of the Year Award is highly respected worldwide and for sure in Jamaica. At Scotiabank we are proud to be the recipients of this award for several years. It brings a feeling of pride among our staff when the news is circulated, the media respects the insitution and makes mention of it in their business reports and our customers - they see this award as confirmation that they are doing business with a leader in the financial sector. We are always proud to include this award in our annual report and our shareholders do make mention of it and expect to see it. We are committed to exceeding all expectations to maintain this title.

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