Archive

November / December 2017

In the Wash: How Brazil's banks are combatting money laundering. Also, LatinFinance's IMF roundtable, cat bonds gain a foothold in Latin America, Mexican earthquakes spare the economy, regulators address fintechs and the 2017 Banks of the Year Awards.

How Brazil is battling money laundering

Loans Politics Features

The Brazilian government says it is cracking down on money laundering by instituting tighter reporting rules on the finance industry. Local banks, considered complicit by...

Brazilian businesses take on money laundering

Loans Features Brazil

Beyond banks, other Brazilian businesses are also being forced to take action to clamp down on money laundering.

IMF Roundtable: Turning the Corner

Asset Management Economy & Policy Politics

In a roundtable discussion hosted by LatinFinance at the IMF/World Bank annual meetings, policymakers and investors discussed the changes in the global financial and econ...

Scenes from the IMF/World Bank meetings

Bonds Debt Capital Markets

Gathered for the IMF/World Bank annual meetings, government officials from Latin America and the Caribbean presented a mixed picture of economic prospects in the region.

Pacific Alliance looks to Mexican example for joint catastrophe bond issue

As concerns grow about natural disasters, sovereign issuers and investors are embracing a hybrid capital markets insurance instrument.

Earthquakes spare aftershocks on Mexican economy

Economy & Policy Project & Infrastructure Finance Politics

The two earthquakes that shook Mexico are not expected to unsettle the economy. Rather, a short-term surge in retail sales and the rebuilding efforts could provide a boos...

Regulators put fintech regulations into place in Latin America

Politics Economy & Policy Brazil

The radical evolution of the financial system is catching supervisors on the back foot. How they respond will determine whether technology becomes a force for development...

Awards: Banks of the Year 2017

Loans Project & Infrastructure Finance Structured Finance

Leading banks in Latin America and the Caribbean pursue assorted strategies as the region emerges from an economic slowdown. Some turn to M&A, while others focus on build...

Overall Bank of the Year and Bank of the Year – Brazil 2017: Itaú Unibanco

Loans Brazil

In a transitional year for Itaú, the bank has positioned itself at the forefront of Brazil’s economic turnaround.

Bank of the Year 2017 – Argentina: Santander Río

Argentine lender buys Citi’s consumer business and cements its spot as the country’s largest private sector bank.

Bank of the Year – Bolivia 2017: Mercantil Santa Cruz

Mercantil Santa Cruz uses well-timed acquisitions to enhance its position as the country’s largest financial institution.

Bank of the Year – Caribbean, Bank of the Year – Dominican Republic 2017: Banreservas

Dominican Republic’s largest lender widens the gap with its competitors, as it keeps its focus on private-sector borrowers.

Bank of the Year – Central America, Bank of the Year – Honduras 2017: Ficohsa

Another year of impressive financial gains and regional acquisitions place the Honduran financial institution at the top of Central America’s banks.

Bank of the Year – Chile 2017: Santander

An economic slowdown pushes Santander to innovate digitally, while maintaining its place as one of leading corporate financiers in Chile.

Investment Bank of the Year – Chile 2017: Banchile

Chilean investment bank tops the league tables in local bond sales, while its efforts across different asset classes leave it well placed to navigate future headwinds.

Bank of the Year – Colombia 2017: Banco de Bogotá

Colombian lender pulls well ahead of its local rivals when it comes to profitability and closes the gap on the country’s largest bank in terms of assets.

Investment Bank of the Year – Colombia 2017: Bancolombia

Scandals have hurt the investment banking climate in Colombia in 2017, but Bancolombia completed landmark transactions in the M&A space and local bond market.

Bank of the Year – Costa Rica 2017: BAC San José

Amid a slowing economy and political scandal, BAC’s Costa Rican business uses the strength of its parent company to grow total assets and market share in Central America.

Bank of the Year – Ecuador 2017: Produbanco

Ecuadorean bank tackles the uncertainty of a new administration, aiming to grow net profits and roll out two new credit card initiatives.

Bank of the Year – El Salvador 2017: Banco Agrícola

El Salvador’s leading financial institution navigates a tricky operating environment to register growth in assets and loans.

Bank of the Year – Guatemala 2017: Banco Industrial

Guatemalan lender minimizes political volatility and edges out competing banks to grow assets, loans, equity and net income.

Bank of the Year – Jamaica 2017: National Commercial Bank

The island’s largest bank boosted its coffers with higher net profits and advanced its expansion plans throughout neighboring Caribbean nations.

Bank of the Year – Mexico 2017: BBVA Bancomer

Amid one of Latin America’s more competitive banking landscapes, BBVA’s local business turns its strengths in a number of segments to double-digit income growth.

Investment Bank of the Year – Mexico 2017: Citibanamex

Citi’s Mexican business tops the debt capital markets tables and works on landmark transactions in the equity market.

Multilateral Development Bank of the Year 2017: IFC

The World Bank’s private sector division has reinforced its commitment to Latin America and the Caribbean with innovative financing products and an upcoming equity fund.

Bank of the Year – Nicaragua 2017: Banco Lafise

Against a backdrop of soaring growth, this year’s winner capitalizes on a strong loan portfolio to outshine competitors.

Bank of the Year – Panama 2017: Banco General

Panamanian lender leverages the strength of its home economy to grow total assets and revisit the international bonds and syndicated loan markets.

Bank of the Year – Paraguay 2017: Banco Regional

Working with clients allows this year’s winner to keep bad loans in check as the country’s agriculture market falters.

Bank of the Year – Peru 2017: Interbank

Peruvian lender weathers an economic slowdown to increase total assets and shift its focus to the growing insurance sector.

Bank of the Year – Trinidad & Tobago 2017: Republic Bank

Despite slower economic growth at home, the Caribbean lender maintains strong market share and grows its presence abroad through acquisitions.

Bank of the Year – Uruguay 2017: BROU

Uruguay’s largest bank asserts its dominance by focusing on local currency personal loans

Parting Shot: Brazilian Transportation Minister Maurício Quintella

Comment & Opinion

After auctioning four airport concessions, Brazil’s Investment Partnerships Program, or PPI, is on track to develop highway and railroad investments in South America’s la...