November 1, 2013
For banks in Latin America and the Caribbean, even the most basic of functions — taking deposits and extending loans — has rarely been a straightforward business. In this regard, the past year was no exception.
Across the region, lenders have faced a range of familiar obstacles. Some have had to contend with inflation and the risk of asset bubbles, or capricious governments that have changed rules without warning. Others have grappled with a rapidly more competitive landscape, whether through the arrival of foreign lenders or through waves of consolidation.
Global forces have also had an impact over the past year. The region’s banks have had to be especially mindful of foreign exc
From inflation to currency depreciation and government meddling, banks across the region have had to contend with a broad range of economic, financial and political hurdles over the past year. LatinFinance recognizes the ones that have stood out