November 1, 2009
by Staff ReportersLatAm banks are increasingly seeing the benefits of sustainability and strong governance, which are more in demand by stakeholders as the crisis dissipates. However, while some mid-cap financial institutions have been forced in line by equity listings, others have not yet brought systems up to par.
The third annual ranking of mid-cap banks for corporate social responsibility, governance and sustainability by Management & Excellence (M&E) in association with LatinFinance, shows continued disparity, both between banks of similar size, and institutions in the same country. In particular, units of some of the bankings household names do poorly in the survey,
Smaller financial institutions are grappling with the benefits of sustainability and governance and there is wide divergence in performance. Those involved in microfinance are pulling ahead.