The crop of boutiques that sprang up from the bulge bracket wreckage faces fresh competition. They will need relationships, international connections and a proper structure to survive.
The growth of boutiques in Mexico and Colombia has slowed. Pan-regional players continue to stick to their guns.
Brazil’s government-controlled lender is using a natural size advantage to pursue niches it does not already dominate. Careful international expansion is next for Banco do Brasil.
Mexican retail banks are known for making customers pay through their noses.
The past 12 months have seen capital markets activity and M&A pick up in Mexico following a crisis-inspired lull.
Leveraging deep and long-standing corporate relationships has been a successful strategy throughout the global financial crisis for Bancolombia.
Banco de Bogotá has spent the last year rolling out a variety of new products and services in Colombia as it pursues a universal bank strategy, while also making moves cross-border.
Santander Chile says its strength has come from growing selectively and increasing sales without expanding the client base too much, so that it can control risk.
Chile-based investment bank Celfín Capital has seized the boom in 2010 as an opportunity to push it into the big leagues.
Santander Río’s strength in retail contributes significantly to it being the most profitable private financial institution in Argentina, says Guillermo Glattstein, strategic planning manager at the bank.
In the April-June period, Banco de Crédito Del Peru (BCP) achieved some of its best quarterly results to date, supported by a strong reactivation of the Peruvian economy.
Mercantil Banco Universal has been expanding its loan portfolio, which has led to year-on-year growth despite a economic contraction and slow liquidity growth in Venezuela.
Banco General takes top prize for Panama for the second year in a row.
El Salvador’s Banco Agrícola, part of Colombia’s Bancolombia since 2007, is expected to end this year with results that compare favorably with those obtained at the end of 2009, says Fitch, which has an AA+ (stable) local rating on the bank.
State-controlled Banco de Costa Rica has gained market share through the financial crisis, growing the loan portfolio and expanding facilities.
Banco de Reservas has shrugged off macroeconomic weakness in the Dominican Republic caused by the global financial crisis and continues to grow.
Ecuador’s Banco Pichincha has been busy expanding within and beyond the country’s borders. At the same time, it has been able to keep its financial indicators in line with or better than that of the banking system as a whole.
With economic growth returning to Guatemala after a relatively shallow crisis, its banks can return to plans being made prior to 2008.
Jamaica’s National Commercial Bank (NCB) has passed the test of a weak local economy and a sovereign debt restructuring relatively unscathed, as profitability and liquidity remain at acceptable levels.
Puerto Rico has been suffering a recession for more than four years. Several banks have collapsed, unemployment has soared and bankruptcies have increased.
Bolivia’s small size has meant its banks suffered few effects of the credit crisis in 2008 and 2009.
Trinidad & Tobago’s (T&T) Republic Bank has been able to grow its assets despite a weak economy and reduction in its loan portfolio.
Santander has spent the last year and a half digesting its $175 million 2008 acquisition of ABN AMRO, a deal it says has made it the largest private bank in Uruguay, with over 30% of the assets.
Fresh crisis in the developed world whips up technical headwinds for LatAm. Dedicated funds are flush and hunting bargains, hoping fundamentals are not impacted.
Brazilian CEOs get all the attention but a quiet Mexican manager obsessive about quality has created a true global champion. Bimbo CEO Daniel Servitje is our Man of the Year.
Participants in last year’s capital markets bungee jump will remember it forever. In Latin America, the key lesson learned is that the bigger, more investor-friendly economies can take external shock on the chin.
Jan 16, 2014 | New York City
The preeminent social affair for key players in the Latin American financial and capital markets....
Feb 12, 2014 | The Pierre, New York City
Connects high-yield and soon-to-be issuers from Latin America with investors from across the...
Mar 6, 2014 | The Four Seasons, Mexico City
The only capital markets event in Mexico where more than 60% of participants are issuers and...
Mar 26, 2014 | Hotel Unique, São Paulo
Exploring all the aspects of debt financing for Brazilian corporate, financial, sovereign and...
What’s the pipeline for LatAm dollar bond sales in January?
More than Jan 2013
Less than Jan 2013
Depends on the Fed
“The greatest value in the next 12 months will be combination of corporates and local currency bonds”
Blaise Antin, TCW
All material is subject to strictly enforced copyright terms & conditions and cannot be repurposed or reproduced. © 2013 Latin American Financial Publications Inc.
Printing isn't available for this page.