January 13, 2017 |
Corporate lending fell across Latin America last year. In the year to the end of September 2016, the top 10 lenders in Latin America granted $15.9 billion in loans, down from $28 billion in the previous 12-month period, according to data from Dealogic.
Citi also lent less in Latin America in that period, signing $3.37 billion, down from $4.75 billion a year earlier. The US lender's market share, however, jumped to 15.1% — almost twice as much as the closest contender, BBVA.
"It was a challenging year for syndicated loans from a volume perspective," says Adrian Guzzoni, head of Latin America syndicated loan origination at Citi. "But that's when Citi benefits from the footprint that it ha
In a year of lower lending volumes, the US bank executed a broad range of deals and opened a lead on its closest competitor