2015 Banks of the Year

LatinFinance's Banks of the Year Awards for 2015 celebrate the financial institutions in Latin America and the Caribbean that have demonstrated excellence in retail, commercial and investment services. 

2015 Banks of the Year
We are now taking nominations for our 2015 Banks of the Year Awards. We will accept documentation for the investment banking categories until July 31, 2015, and for all other categories until August 14, 2015. Submit a nomination16 days left for nominations

Categories

Provisional categories for LatinFinance's 2015 Banks of the Year are listed below. These comprise an overall Bank of the Year and Bank of the Year in each Latin American and Caribbean country with a GDP in 2014 of over $10 billion.

  1. Bank of the Year
  2. Bank of the Year Mexico
  3. Bank of the Year Brazil
  4. Bank of the Year Argentina
  5. Bank of the Year Colombia
  6. Bank of the Year Venezuela
  7. Bank of the Year Peru
  8. Bank of the Year Chile
  9. Bank of the Year Ecuador
  10. Bank of the Year Uruguay
  11. Bank of the Year Paraguay
  12. Bank of the Year Bolivia
  13. Bank of the Year Panama
  14. Bank of the Year Central America
  15. Bank of the Year Guatemala
  16. Bank of the Year Costa Rica
  17. Bank of the Year El Salvador
  18. Bank of the Year Honduras
  19. Bank of the Year Nicaragua
  20. Bank of the Year Dominican Republic
  21. Bank of the Year Caribbean
  22. Bank of the Year Trinidad and Tobago
  23. Bank of the Year Jamaica
  24. Investment Bank of the Year Brazil
  25. Investment Bank of the Year Mexico
  26. Investment Bank of the Year Colombia
  27. Investment Bank of the Year Chile
  28. Multilateral Development Bank of the Year
  29. Microfinance Institution of the Year

Criteria

The awards are judged on three factors:

  • Financial data for banks over the reference period (including but not limited to total assets, capital ratio, return on equity, return on assets)
  • Market opinion including analyst and rating agency comment
  • LatinFinance editorial evaluation

Bank of the Year:

The Bank of the Year will be selected from the winners of categories 2-29. The winner in category 1 will be determined by overall performance over the reference period including growth in market share, asset base, capitalization, liquidity and market perception.

Banks of the Year:

The winner in categories 2 to 23 will be determined by activity over the reference period, including:

  • financial strength, capitalization and liquidity
  • strategy, including how the bank has coped with economic and regulatory changes in the economies in which it operates
  • acquisitions and organic growth over the reference period
  • capital markets activity over the reference period
  • market perception
  • transparency


Investment Banks of the Year:

The winner in categories 24-27 will be determined by activity over the reference period, including:

  • arranging domestic and international bond, loan, equity and M&A transactions in the region, referring to league tables and pitches
  • success of specific deals, including local market transactions
  • financial strength, capitalization and liquidity
  • strategy, including how the bank has coped with economic and regulatory changes in the economies in which it operates
  • acquisitions and organic growth over the reference period
  • market perception, including perception from LatAm's capital markets issuers
  • banks headquartered outside Latin America are eligible; activity for capital markets issuers in both domestic and international markets will be considered


Multilateral Development Bank of the Year:

The winner in category 28 will be determined by extent of operations and engagement in Latin America over the reference period, including:

  • lending to Latin companies and institutions
  • success, importance and innovation of specific financings
  • activity in capital markets both for own capital purposes and for market development
  • market perception, including perception from borrowers and co-lenders
  • transparency


Microfinance Institution of the Year:

The winner in category 29 will be determined according to the similar criteria to categories 2 to 23, though greater weight will be given to institutional success and innovation in sustainably fostering broader financial inclusion in the region.

Selection process

The awards are judged on three factors:

  • Financial data for banks over the reference period (including but not limited to total assets, capital ratio, return on equity, return on assets)
  • Market opinion including analyst and rating agency comment
  • LatinFinance editorial evaluation

Pitches

Financial institutions are invited to send details supporting their candidacy for the awards. Such material is not required to be considered for the awards. Any pitches must include a completed nomination sheet, in addition to any supporting document.

Deadlines for receipt of supporting documentation are as follows:

  • 5pm ET on Friday August 7, 2015 Categories 24-27 (Investment banking categories)
  • 5pm ET on Friday August 14, 2015 Categories 2-23; 28; 29

LatinFinance editorial staff will be available for award pitch meetings and conference calls between August 10-14 for categories 2-23, 28 and 29, and August 3-7 for categories 24-27.

Institutions are asked to outline qualitative information describing the ways in which the institution has grown, achieved success, and stayed ahead of the competition, as well as any other relevant quantitative data.

Investment banking submissions and multilateral development bank submissions are advised to describe specific transactions.

Microfinance institutions are advised to place weight on describing how they innovated and achieved success in sustainably fostering broader financial inclusion in the region.

Download the nomination form


Market opinion

Shortlists for regional bank categories are comprised of the five largest bank by assets in each country that has a GDP greater than $10 billion. Shortlists for investment bank categories are comprised of the top banks in Dealogic league tables on M&A, equities, debt capital markets and loans. The shortlist for the the microfinance category is comprised of the Inter-American Development Bank's annual Microfinance Top 100 List. 

A market vote will be taken to inform the selection of the winners. This will help LatinFinance editors judge the market perception of the institutions.

Voting is open online from Monday July 27 until Friday August 14, 2015.

LatinFinance invites borrowers including funding officials and CFOs, portfolio managers, credit analysts and other market participants to vote on the shortlist. Voters will be asked to judge the banks on the criteria listed above.

Each person may only vote once. Voters may not vote for their own bank or an affiliated one. Voters may indicate a bank on the shortlist, or nominate another.

Votes are kept strictly confidential and will not be disclosed.

Examination of financial data

LatinFinance  will review official financial data for each of the shortlisted or nominated banks. As is relevant in each category, sources will include, but will not be limited to: banks' pitches, financial reports and accounts, company presentations, stock exchange filings, LatinFinance  reporting.

Data will include but not be limited to: capitalization levels, total asset numbers, return on assets and return on equity, transaction details.

Editorial evaluation

LatinFinance editorial team will supplement their examination of financial data and information from pitch documents and meetings with information from bank analysts and clients. This will be sourced through a review of analyst reports and in-depth telephone interviews with bank analysts.

The editorial team retains discretion over the final allocation of awards in each category. The final decision will be based on information supplied in pitch documents and meetings or calls, research of financial data and analysis, interviews, and our knowledge of markets and activity over the course of the past 12 months.

Contact

General enquiries can be sent to Sara Rosner srosner@latinfinance.com with "Banks of the Year Awards" in the subject line.


Category-specific inquiries should be addressed to the primary journalist for each category, as follows:

Patrick Ferguson patrick.ferguson@latinfinance.com

Bank of the Year Mexico

Bank of the Year Jamaica

Bank of the Year Ecuador

Bank of the Year Uruguay

Bank of the Year Paraguay

Bank of the Year Uruguay

Investment Bank of the Year Mexico


Jennifer Roig jennifer.roig@latinfinance.com

Bank of the Year Colombia

Bank of the Year Chile

Bank of the Year Peru

Investment Bank of the Year Colombia

Investment Bank of the Year Chile

Bank of the Year Dominican Republic

Bank of the Year Trinidad and Tobago

Bank of the Year Caribbean


Sara Rosner srosner@latinfinance.com

Bank of the Year Argentina

Bank of the Year Venezuela

Bank of the Year Brazil

Investment Bank of the Year Brazil

Multilateral Development Bank of the Year

Microfinance Institution of the Year

Bank of the Year Costa Rica

Bank of the Year Panama

Bank of the Year El Salvador

Bank of the Year Honduras

Bank of the Year Nicaragua

Bank of the Year Guatemala

Bank of the Year Central America

Bank of the Year Bolivia

Announcement

The winners of 2015 Banks of the Year Awards will be revealed in LatinFinance's November/December issue, published November 9.



Past awards and rankings