Brazil’s Banks Are the Best

Brazil’s Banks Are the Best

Brazil

Three of Latin America's five best-performing banks in 2001 are Brazilian-owned. Banco Itaú of Brazil is by far the most profitable big bank in Latin America, scoring a 34% return on equity. This is much more than second-placed Banco Superior of Colombia, a bank with only $260 million in assets - one-tenth Itaú's asset base. Banco Bradesco, the largest private-sector bank in Brazil by assets, had an ROE of 22%. Chile's Banco de Crédito e Inversiones, comes third, posting an ROE of 20%, followed by Banco da Amazônia, a state-owned bank.        

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