2019 Banks of the Year Awards

The Banks of the Year Awards are LatinFinance's annual recognition of excellence in financial services in Latin America and the Caribbean.

The 2019 awards were revealed during LatinFinance's Latin America Banking Leadership Dinner at Mandarin Oriental, Miami.

This year's winning institutions achieved outstanding performance in retail, commercial and investment services in a region that is in constant transformation. In making the selection, the LatinFinance editorial team considered the opinions of analysts, publicly available data and information from the banks themselves. The winners are listed below.


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Winning institutions

Bank of the Year, Bank of the Year Brazil and Bank of the Year Chile Santander

Digital Bank of the Year Nubank

Digital Transformation of the Year Bradesco

SME Bank of the Year Bancolombia

Sustainable Finance Bank of the Year BBVA

Bank of the Year Argentina Banco Galicia

Investment Bank of the Year Argentina Goldman Sachs

Bank of the Year Bolivia Banco BISA

Investment Bank of the Year Brazil, Investment Bank of the Year Latam and Wealth Management Bank of the Year BTG Pactual

Bank of the Year Caribbean and Bank of the Year Trinidad and Tobago Republic Bank

Bank of the Year Central America, Bank of the Year Costa Rica and Bank of the Year Guatemala BAC Credomatic

Investment Bank of the Year Chile JPMorgan

Bank of the Year Colombia Banco de Bogotá

Investment Bank of the Year Colombia and Investment Bank of the Year México Bank of America Merrill Lynch

Bank of the Year Dominican Republic Banco Popular Dominicano

Bank of the Year Ecuador Banco Pichincha

Bank of the Year El Salvador Banco Cuscatlán

Bank of the Year Honduras Grupo Financiero Ficohsa

Bank of the Year Jamaica National Commercial Bank

Bank of the Year México Banorte

Bank of the Year Nicaragua Banco Lafise Bancentro

Bank of the Year Panamá Banco General

Bank of the Year Paraguay and Bank of the Year Uruguay Itaú

Award details

Click any of the sections below for more details on our 2019 awards.

Overview

The LatinFinance Banks of the Year Awards celebrate the financial institutions in Latin America and the Caribbean that best demonstrated excellence in retail, commercial and investment services in the last year. Our 2019 awards evaluate banks on their efforts between July 1, 2018, and June 30, 2019.

We will accept nominations until July 24, 2019. Awards will be presented at a dinner in Miami on November 1, 2019, and printed in the Winter 2019 issue of LatinFinance.

Categories

Following are the provisional categories for LatinFinance's 2019 Banks of the Year Awards. Categories marked with a red asterisk (*) are new in 2019.

  1. Bank of the Year
  2. Bank of the Year Mexico
  3. Bank of the Year Brazil
  4. Bank of the Year Argentina
  5. Bank of the Year Colombia
  6. Bank of the Year Venezuela
  7. Bank of the Year Peru
  8. Bank of the Year Chile
  9. Bank of the Year Ecuador
  10. Bank of the Year Uruguay
  11. Bank of the Year Paraguay
  12. Bank of the Year Bolivia
  13. Bank of the Year Panama
  14. Bank of the Year Central America
  15. Bank of the Year Guatemala
  16. Bank of the Year Costa Rica
  17. Bank of the Year El Salvador
  18. Bank of the Year Honduras
  19. Bank of the Year Nicaragua
  20. Bank of the Year Dominican Republic
  21. Bank of the Year Caribbean
  22. Bank of the Year Trinidad and Tobago
  23. Bank of the Year Jamaica
  24. Investment Bank of the Year Brazil
  25. Investment Bank of the Year Mexico
  26. Investment Bank of the Year Colombia
  27. Investment Bank of the Year Chile
  28. Investment Bank of the Year Argentina*
  29. Multilateral Development Bank of the Year
  30. Microfinance Institution of the Year
  31. Digital Bank of the Year*
  32. Digital Transformation of the Year*
  33. Wealth Management Bank of the Year*
  34. SME Bank of the Year*
  35. Sustainable Finance Bank of the Year*

Criteria

The 2019 Banks of the Year Awards will be judged on three factors:

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

Selection process

The LatinFinance Banks of the Year Awards are decided by LatinFinance's editors, following an extensive research process. The key elements of each step of the process are outlined below.

Nominations

Financial institutions are encouraged to send details supporting their candidacy for the awards, although such material is not required to be considered for the awards.

In your pitch, outline qualitative information describing the ways your institution has grown, achieved success and stayed ahead of its competition as well as any other relevant quantitative data.

Investment banking submissions and multilateral development bank submissions are advised to demonstrate excellence through reference to specific transactions and in comparison to their peers.

Microfinance institutions are advised to place weight on describing how they innovated and achieved success in sustainably fostering broader financial inclusion in the region.

Every pitch must include a completed nomination form as well as any supporting documents. Nominations must be submitted by end of day on July 24, 2019.

LatinFinance editorial staff will be available for meetings and conference calls to discuss pitches and supporting documents between July 29 and August 2, 2019.

Market opinion

LatinFinance will consult a range of market participants to gain perspective on the shortlist, including portfolio managers, credit analysts and other market participants.

Market opinions are kept strictly confidential and will not be disclosed.

Examination of financial data

LatinFinance will review official financial data for each of the shortlisted or nominated banks and speak to analysts and other third parties about the institutions. As is relevant to each category, sources will include but not be limited to: banks' pitches, financial reports and accounts, company presentations, stock exchange filings and LatinFinance reporting. Data will include but not be limited to: capitalization levels, total asset numbers, return on assets, return on equity and transaction details.

Editorial evaluation

The LatinFinance editorial team will supplement its 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.

The LatinFinance editorial team retains discretion over the final allocation of awards in each category.

Announcement

Awards will be presented at a dinner in Miami on November 1, 2019, and printed in the Winter 2019 issue of LatinFinance.

More information

Send inquiries to awards@latinfinance.com with "Banks of the Year" in the subject line.

Previous winners: 2018, 2017, 2016, 2015