Archive

November-December 2009

China and Latin America: Investment and Trade Flow

Asia

As Chinese investment increases, LatAm tries to be more than just a cheap supplier of raw materials. Skeptics are wary of China’s track record in other regions.

Petrobras Funding: Exciting, Uncertain Times

Brazil

The government’s plans for development of the pre-salt fields in Brazil put Petrobras firmly centre stage. Presidential elections loom and detail is lacking, but oil expe...

Private Equity Readies LatAm Resurrection

As the economic outlook for Latin America brightens, so do prospects for private equity fundraising and fund creation. Is an uptick really happening, or is it all just wi...

Banks of the Year 2009 Results

The full list of 2009 winners.

COMMENT: Standing up to China

Asia

More good news for an already bulled up LatAm market comes from China, which is bearing gifts in the form of large and seemingly cheap financing.

Itaú Unibanco: Behind the Merger

M&A

Mindful of competition at home, Brazil’s newly minted banking behemoth is bolstering domestic business while readying a push overseas. Itaú Unibanco is poised to take on ...

Best Local Investment Bank Brazil: Global Buildout

Brazil

Itaú BBA’s expansion has happened at a steady clip over the past four years, and the shop poses an increasing threat to global powerhouses hoping to grab a slice of the B...

Best Bank Mexico: Capitalizing on Crisis

Mexico

Since the collapse of Lehman, Mexican authorities have come out repeatedly to defend their nation’s banking system as competitive, profitable and well capitalized.

Best Bank Colombia: Extending Reach

Colombia

Despite Colombia’s generally sturdy fundamentals during the financial crisis, its financial institutions have had to swallow their share of bitter cocktails, including is...

Best Local Investment Bank Colombia: Taking on the Big Boys

Bonds

Bancolombia looms large in some of Colombia’s most important markets, including DCM and project finance advisory.

Best Local Investment Bank

In a year where most markets were still thawing out following the crisis, little was done to shake up the local investment banking landscape. It is still dominated by sev...

Best Bank Chile: Honing Profitability

Chile

Santander Chile, the country’s largest and most profitable bank, has perfected the art of retail, which it claims is more challenging to run, but also more lucrative.

Best Bank Argentina: Banking the Provinces

M&A

Banco Macro has risen to the top of Argentina's private sector through a series of fortuitous and well timed acquisitions, in particular of struggling state banks in the ...

Best Bank Peru: Quality Counts

Peru

The banking race in Peru is a close one, and the global credit crisis appears to have done little to separate the two largest players, BBVA Continental and Banco de Credi...

Best Bank Venezuela: Outmaneuvering the Locals

High inflation, a weakening currency and overt political intervention are just some of the reasons running a bank in Venezuela is more challenging than in other parts of ...

Best Bank Panama: Proceed with Caution

Panama

Panama’s Banco General has seen its assets and deposits grow and non-performing loans drop slightly in the 12 months to June 2009, despite the global downturn.

Best Bank El Salvador: In Hands Less Foreign

While Banco Agrícola now belongs to Bancolombia, its new owner is keeping a respectful distance when it comes to running things, and for good reason.

Best Bank Costa Rica: Sweet Insulation

Costa Rica’s government backed banks have played an important role in supporting the country’s economy, and continue to dominate at a time when private financial institut...

Best Bank Dominican Republic: Popularity Uncontested

Banco Popular Dominicano, the second largest bank in the Dominican Republic after state-owned Banco de Reservas, with a 25% market share based on assets, is known for a c...

Best Bank Ecuador: Double the Trouble

Andean

The impact of the credit crisis is a theme for all LatAm banking systems, and in Ecuador there is the added question of political volatility.

Best Bank Guatemala: Caution Prevails

People Corporate & Sovereign Strategy

Despite the economic downturn, Guatemala’s GyT Continental could see profits jump by 25% by the end of this year compared to 2008, CEO Flavio Montenegro tells LatinFinanc...

Best Bank Jamaica: Safe Deposits Haven

Caribbean

Jamaica may have been hard hit by the global recession, but that probably ended up benefitting Scotia’s operations on the tropical island.

Best Bank Puerto Rico: Reducing Risk

Oriental Financial Group may not be the largest player in Puerto Rico’s troubled banking sector, but by reducing exposure to consumer and mortgage loans, it emerges as th...

Best Bank Bolivia: Still on Top

Andean

Banks operating in the smaller LatAm economies have hunkered down during the crisis and the pecking order has remained largely the same as a result. In Bolivia, the domin...

Best Bank Trinidad & Tobago: Bailout Assistant

Caribbean

Not every bank is able to say it benefitted from assisting the government bail out troubled financial entities, but Trinidad & Tobago’s First Citizens Bank can.

Best Bank Uruguay: The Foreign Invasion

Uruguay’s banks have weathered the international financial storm well and the country’s economy is expected to grow by up to 2% this year.

Best Multilateral: Cranking out Champions

Brazil

The BNDES has in the past two years ascended to a new role in the Brazilian economy.

Boutique Banking: The Niche That Keeps Growing

M&A Bonds Corporate & Sovereign Strategy

Specialist providers of investment banking services have attracted top quality talent in the downturn. The challenge is maintaining momentum as markets revive.

Infrastructure & Energy Awards Results

The crisis has thrown many essential long-term infrastructure projects for a loop. Despite this, higher quality projects have gotten done and the pipeline is creeping bac...

RANKING: Mid-Cap Banks Corporate Governance

Smaller financial institutions are grappling with the benefits of sustainability and governance and there is wide divergence in performance. Those involved in microfinanc...

PEOPLE: UBS Plots Reconstruction

Gerard Cremoux and Jorge Silberstein have been appointed co-heads of LatAm investment banking at UBS, charged with rebuilding the franchise after the sale of Pactual to B...

DEBT: Anything Goes

Appetite for LatAm credit was in October sounding like a broken record, or at least one dusted off from 2007 that has gotten everyone dancing again.

EQUITY: IPOs Get Reality Check

Equity

The equity markets roared back to life in the third quarter, with Brazil accounting for the vast majority of follow-on and IPO volumes.

STRUCTURED FINANCE: Race to the Start Line

Mexico

Mexican bankers are racing to put together a new series of structured deals that aim to channel substantial captive local funds into essential long-term infrastructure pr...

M&A: Brisk Energy Flow

M&A

Deals in the energy sector are ruling the M&A arena in Latin America as Spanish companies offload holdings.