November 7, 2017 |
When times are good, growth in Latin America’s banking sector generally follows two paths. A bank can grow through acquisitions, gaining a bunch of new customers in a single swoop, or it can ride the wave and build up its credit portfolio. But when times are bad, a bank can score a small victory by simply maintaining its existing market share.
In LatinFinance’s Banks of the Year awards for this year, we recognize the banks that made transformational acquisitions, such as Itaú Unibanco in Brazil, Santander Río in Argentina and Ficohsa in Honduras. We also recognize the banks that logged impressive loan growth in sluggish markets, such as Banco de Bogotá in Colombia, Produbanco in Ecuador and
Leading banks in Latin America and the Caribbean pursue assorted strategies as the region emerges from an economic slowdown. Some turn to M&A, while others focus on building their loan books, but all have growth in mind.