Banks of the Year 2018
November 4, 2018
Leading banks in Latin America and the Caribbean pursued growth
and deepened their digital transformation as the region emerged from an
Identifying common themes across the different banking systems of Latin America and the Caribbean is a challenge, but two have emerged over the last year.
The first is many banks are continuing to grow and find profitability despite the region’s sluggish economy. The banks in LatinFinance’s Banks of the Year Awards have all stood out for either making timely acquisitions, picking up market share from competitors or simply maintaining market share in the face of economic headwinds.
The second trend is the digital revolution is in full swing. Banks across the region are rolling out a broad range of new digital services and products to capture new customers and deepen their relationships with longtime clients. The new products are also helping to bring down costs, reducing the need for physical branches and making transactions more efficient.
The editorial team at LatinFinance took all of these elements — among others — into account when selecting the winners for Banks of the Year 2018. We started with a list of the largest banks by assets in each country and then examined the financial results from July 1, 2017 to June 30, 2018, sought input from market analysts and reviewed supporting documents from the financial institutions themselves.
For the investment banks, league tables of the major participants in the equity, bond and loan markets served as the starting point.
For full details on the selection process, go to www.latinfinance.com/awards/banks-of-the-year-awards/2018. LF
Bank of the Year Scotiabank
Argentina Banco Galicia
Bolivia Mercantil Santa Cruz
Brazil Investment Bank Itaú BBA
Central America BAC Credomatic
Chile Santander Chile
Chile Investment Bank Banchile Citi
Colombia Investment Bank BTG Pactual
Costa Rica Banco Popular
Dominican Republic Banco Popular
Ecuador Banco Pichincha
El Salvador Banco Agrícola
Guatemala Banco Industrial
Jamaica National Commercial Bank
Mexico BBVA Bancomer
Mexico Investment Bank BBVA Bancomer
Multilateral IDB Invest
Panama Banco General
Paraguay Itaú Paraguay
Peru Banco de Crédito del Perú
Trinidad & Tobago Republic Bank
Uruguay Santander Uruguay