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AWARDS: Banks of the Year 2014

Nov 1, 2014

Despite predictions that the operating environment will get tougher in the short term, banks in Latin America continue to invest, raise capital and grow. LatinFinance highlights the institutions that have done so most impressively.

Latin American banks are, by and large, expecting slower growth to continue over the coming months, particularly among consumer borrowers. For most of the region — with the notable exception of Mexico — economic conditions have become tougher in the past year.

Compared to a decade ago, this is a more consolidated, more saturated banking market. Nevertheless, lenders are optimistic that a trend toward greater banking penetration will return, and they continue to invest appropriately.

Raising capital to meet regulatory requirements or fund growth has been difficult amid increased volatility in equity markets. But this is a problem that some, such as Banorte (Bank of the Year, and Bank of the Year Mexico) and Bancolombia (Bank of the Year Colombia) have overcome.

These awards recognize such success: whether it is outperforming peers in growth and profitability, working to maintain asset quality and capital, rolling out effective products, or accessing capital markets with prowess.

The awards focus on banks’ performance between July 1, 2013 and June 30, 2014. LatinFinance sought qualitative and quantitative data from banks after drawing up a shortlist for each category based on size of assets, position in the Dealogic fee league tables, or the 2013 MIX/IDB Top 100 report on microfinance.

The editors supplemented submissions from banks with publically available financial statements and regulatory information, as well as data and opinion from equity and credit analysts, Dealogic league tables, and LatinFinance’s own reporting, among other sources.

The editors further took into account an online poll. Participants were asked to vote for one of the shortlisted candidates, or put forward their own nomination. The vote was open from July 21, 2014 to August 29, 2014 and received 76 responses. LF

Click through for full details on the winner in each category

BANK OF THE YEAR 

BANK OF THE YEAR MEXICO 


BANK OF THE YEAR BRAZIL 

BANK OF THE YEAR ARGENTINA 

BANK OF THE YEAR COLOMBIA 

BANK OF THE YEAR VENEZUELA

BANK OF THE YEAR PERU 

BANK OF THE YEAR CHILE 

BANK OF THE YEAR ECUADOR 

BANK OF THE YEAR URUGUAY 

BANK OF THE YEAR PARAGUAY 

BANK OF THE YEAR BOLIVIA 

BANK OF THE YEAR PANAMA 

BANK OF THE YEAR CENTRAL AMERICA 


BANK OF THE YEAR GUATEMALA

BANK OF THE YEAR COSTA RICA

BANK OF THE YEAR EL SALVADOR

BANK OF THE YEAR HONDURAS

BANK OF THE YEAR NICARAGUA

BANK OF THE YEAR DOMINICAN REPUBLIC 

BANK OF THE YEAR CARIBBEAN


BANK OF THE YEAR TRINIDAD AND TOBAGO

BANK OF THE YEAR JAMAICA

INVESTMENT BANK OF THE YEAR BRAZIL

INVESTMENT BANK OF THE YEAR MEXICO

INVESTMENT BANK OF THE YEAR COLOMBIA

INVESTMENT BANK OF THE YEAR CHILE 

MULTILATERAL DEVELOPMENT BANK OF THE YEAR

MICROFINANCE INSTITUTION OF THE YEAR



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