LatinFinance - November/December 2014 - 37

AWARDS
BANKS OF THE
YEAR 2014

L

Despite predictions that the operating environment will get tougher in the
short term, banks in Latin America continue to invest, raise capital and
grow. LatinFinance highlights the institutions that have done so most impressively.

atin American banks are, by and large,
expecting slower growth to continue over the coming months,
particularly among consumer borrowers. For most of the region - with
the notable exception of Mexico - economic conditions have become
tougher in the past year.
Compared to a decade ago, this is a more consolidated, more
saturated banking market. Nevertheless, lenders are optimistic that
a trend toward greater banking penetration will return, and they
continue to invest appropriately.
Raising capital to meet regulatory requirements or fund growth has
been difficult amid increased volatility in equity markets. But this is
a problem that some, such as Banorte (Bank of the Year, and Bank of
the Year Mexico) and Bancolombia (Bank of the Year Colombia) have
overcome.
These awards recognize such success: whether it is outperforming
peers in growth and profitability, working to maintain asset quality and
capital, rolling out effective products, or accessing capital markets with
prowess.
The awards focus on banks' performance between July 1, 2013 and
June 30, 2014. LatinFinance sought qualitative and quantitative data
from banks after drawing up a shortlist for each category based on size
of assets, position in the Dealogic fee league tables, or the 2013 MIX/
IDB Top 100 report on microfinance.
The editors supplemented submissions from banks with publically
available financial statements and regulatory information, as well as
data and opinion from equity and credit analysts, Dealogic league
tables, and LatinFinance's own reporting, among other sources.
The editors further took into account an online poll. Participants
were asked to vote for one of the shortlisted candidates, or put forward
their own nomination. The vote was open from July 21, 2014 to August
29, 2014 and received 76 responses. LF

of the

2014
BANK OF THE YEAR
BANK OF THE YEAR MEXICO
Banorte
BRAZIL: Banco Bradesco
ARGENTINA: BBVA Banco Francés
COLOMBIA: Bancolombia
VENEZUELA: BBVA Provincial
PERU: BBVA Continental
CHILE: Banco Santander Chile
ECUADOR: Banco Pichincha
URUGUAY: Banco Itaú Uruguay
PARAGUAY: Banco Itaú Paraguay
BOLIVIA: Banco Mercantil Santa Cruz
PANAMA, BANK OF THE YEAR CENTRAL
AMERICA: Banco General
GUATEMALA: Banco Agromercantil
COSTA RICA: Banco de Costa Rica
EL SALVADOR: Scotiabank El Salvador
HONDURAS: Banco del País
NICARAGUA: Banco Lafise Bancentro
DOMINICAN REPUBLIC, BANK OF THE YEAR
CARIBBEAN: Banco Popular Dominicano
TRINIDAD AND TOBAGO: Scotiabank
JAMAICA: National Commercial Bank
INVESTMENT BANK BRAZIL: Itaú BBA
INVESTMENT BANK MEXICO: Credit Suisse
INVESTMENT BANK COLOMBIA: Bancolombia
INVESTMENT BANK CHILE: Banchile-Citi
MULTILATERAL DEVELOPMENT BANK
Inter-American Development Bank
MICROFINANCE INSTITUTION
Compartamos Banco

November/December 2014 - L ATINFINA NCE.COM 37
http://www.LATINFINANCE.COM
LatinFinance - November/December 2014

Table of Contents for the Digital Edition of LatinFinance - November/December 2014
