Banks of the Year 2018

Banks of the Year 2018

Bonds Debt Capital Markets Project & Infrastructure Finance

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 LF

Bank of the Year Scotiabank

Argentina Banco Galicia

Bolivia Mercantil Santa Cruz

Brazil Bradesco

Brazil Investment Bank Itaú BBA

Central America BAC Credomatic

Chile Santander Chile

Chile Investment Bank Banchile Citi

Colombia Bancolombia

Colombia Investment Bank BTG Pactual

Costa Rica Banco Popular

Dominican Republic Banco Popular

Ecuador Banco Pichincha

El Salvador Banco Agrícola

Guatemala Banco Industrial

Honduras Ficohsa

Jamaica National Commercial Bank

Mexico BBVA Bancomer

Mexico Investment Bank BBVA Bancomer

Multilateral IDB Invest

Nicaragua BAC

Panama Banco General

Paraguay Itaú Paraguay

Peru Banco de Crédito del Perú

Trinidad & Tobago Republic Bank

Uruguay Santander Uruguay