The 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.
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. As is relevant to each category, sources will include but not be limited to: materials submitted as part of the entry nomination, 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.
The LatinFinance editorial team will supplement its examination of financial data and information 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.
Winners will be announced in a special supplement published November 1, 2021, with additional coverage in the Q1 2022 issue of LatinFinance Magazine