Credit is expanding rapidly across the system and bad loans are
relatively sparse. Yet running a bank in Argentina is no easy
Bank of the Year, Argentina: Banco Macro
Banco Macro has grown its balance sheet and kept its financial metrics sound over the past year
A deteriorating economy and the government's long-running
dispute with bondholders since its 2001 default have taken a
toll on the sovereign's ratings. Moody's, Standard & Poor's
and Fitch have all downgraded Argentina in the past 12 months,
which has a knock-on effect to bank ratings.
For Fitch, the banks' ratings were already...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.