BANKS OF THE YEAR 2014

LatinFinance's Banks of the Year awards for 2014 celebrate the financial institutions in Latin America and the Caribbean that have demonstrated excellence in retail, commercial and investment services between July 1, 2013 and 30 June 2014.

The awards are judged on three factors:

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


Categories

Provisional categories for Banks of the Year 2014 are listed below. These comprise an overall Bank of the Year and Investment Bank of the Year, as well as Bank of the Year for each Latin American and Caribbean country with a GDP in 2012 of over $10 billion.

This selection of countries allows LF to comprehensively examine the banking systems of the important economies within our regions of coverage. Length of write ups for the winners can range from a simple justification of the winner through to an examination of the challenges and developments in the local banking sector, depending on the specifics of each jurisdiction.

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


Criteria

BANK OF THE YEAR:

The Bank of the Year will be selected from the winners of categories 2-27. The winner in category 1 will be determined by overall performance over the reference period including growth in market share, asset base, capitalization, liquidity, market perception

BANKS OF THE YEAR:

The winner in categories 2 to 21 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
- other capital markets activity over the reference period
- market perception
- transparency

INVESTMENT BANKS OF THE YEAR:

The winner in categories 22-25 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; 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 in both domestic and international markets will be considered

MULTILATERAL DEVELOPMENT BANK OF THE YEAR

The winner in category 26 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 27 will be determined according to the similar criteria to categories 2 to 21, though greater weight will be given to institutions’ success and innovation in sustainably fostering broader financial inclusion in the region


Selection

Pitches

Financial institutions will be invited to pitch for the awards. LatinFinance will accept pitches until 5pm ET on Friday 22 August, 2014, and in the case of the investment banking categories, until 5pm ET on Friday August 1, 2014.

PLEASE NOTE THE EARLIER DEADLINE OF AUGUST 1 FOR CATEGORIES 22-27

LatinFinance editorial staff will be available for award pitch meetings and conference calls between August 25 and September 5, and in the case of categories 22-27, between August 4 and August 15.

Pitches will be invited by email. An open pitch invitation will also be displayed on LatinFinance's website, publicized through the Daily Brief, Twitter and LinkedIn.

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 

IMPORTANT, PLEASE NOTE: Institutions should complete tables provided by LatinFinance, specifying the currency where necessary. These detail, as indicated, growth in profitability, assets and capital during the awards period, compared to the previous awards period. The tables can be found here

Market opinion

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 21 until Friday August 29, 2014.

LatinFinance invites commercial 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.

Voting will be publicized and encouraged through the following:
- Invitations to vote released in the Daily Brief and on Twitter and LinkedIn
- Banks invited to pass details of the voting process to their clients and peers. Banks will be provided a copy of the Banks of the Year logo and hashtag (#LFBOTY14) with which to promote the voting process
- All voters are eligible for a four week trial to the Daily Brief, for which they may nominate a colleague or friend in their place.

The poll can be found here

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's 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 and clients.

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.


Contacts

General queries on the awards should be sent to Dominic O'Neill, dominic.oneill@latinfinance.com  

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

Katie Llanos-Small, katie.llanossmall@latinfinance.com  
Bank of the Year Brazil
Bank of the Year Venezuela
Bank of the Year Guatemala
Bank of the Year Uruguay
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

Eduardo García, eduardo.garcia@latinfinance.com  
Bank of the Year Mexico
Bank of the Year Argentina
Bank of the Year Ecuador
Bank of the Year Uruguay
Bank of the Year Paraguay
Bank of the Year Bolivia

Dominic O'Neill, dominic.oneill@latinfinance.com
Bank of the Year Colombia
Bank of the Year Chile
Bank of the Year Peru
Bank of the Year Dominican Republic
Bank of the Year Trinidad and Tobago
Bank of the Year Jamaica

Dominic O'Neill, dominic.oneill@latinfinance.com  
Investment Bank of the Year Brazil
Investment Bank of the Year Mexico
Investment Bank of the Year Colombia
Investment Bank of the Year Chile
Multilateral Development Bank of the Year
Microfinance Institution of the Year


Awards

The winners of the awards in each category will be revealed in LatinFinance's November/December issue, published November 7



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