LatinFinance - November/December 2016 - 27

BANKING
FELABAN

Latin America's financial institutions have weathered the tough economic times well.
Global regulations and rapidly evolving technology will keep them focused in the years
ahead, says the secretary general of the region's banking federation. By Kevin Gray

Giorgio Trettenero
Unique strengths

L

atin American banks have proved resilient
despite the region's economic headwinds, says Giorgio Trettenero, the secretary general of the region's
banking federation, Felaban, which represents more
than 600 financial institutions. He is optimistic 2017
will be a turning point for many Latin American
economies, with banks well-positioned to take advantage of a possible economic improvement.
While many Latin American economies have either
TRETTENERO: Retreat of global banks is "both good and bad" for
stalled or contracted, banks have benefitted from
regional players
strong asset quality, healthy net interest margins
and higher profit margins than their counterparts in
developed economies. However, weak growth has meant some banks
have turned their attention to lower-risk lending, potentially crimping
their earnings.
Yet overall strong capital and liquidity will help banks remain on
solid footing, Trettenero says. "The weaker economic conditions have
GT: Fortunately, while growth across
impacted the banks, but overall the industry is performing well," he
the region for banks has fallen from double
says.
digits, it's now around 8% year-on-year.
Trettenero discussed his views on Latin American banks' regulatory
That's a good sign. We've also faced other
burden, the industry's outlook and the digital transformation in bankheadwinds: the crisis in Europe, Brexit,
ing with LatinFinance during a recent interview in Lima, Peru. The
China's shift from an economic model based
following is an edited transcript of the conversation.
on exports to one more focused on domes-

LF: The economic context in Latin America has obviously been challenging the last
few years. How are banks in the region coping?

tic consumption and the continued weak
demand for commodities. Latin America
is in its second year of recession. Exports

November/December 2016 - L ATINFINA NCE.COM 27


http://www.LATINFINANCE.COM

Table of Contents for the Digital Edition of LatinFinance - November/December 2016

Contents
LatinFinance - November/December 2016 - Cover1
LatinFinance - November/December 2016 - Cover2
LatinFinance - November/December 2016 - Contents
LatinFinance - November/December 2016 - 2
LatinFinance - November/December 2016 - 3
LatinFinance - November/December 2016 - 4
LatinFinance - November/December 2016 - 5
LatinFinance - November/December 2016 - 6
LatinFinance - November/December 2016 - 7
LatinFinance - November/December 2016 - 8
LatinFinance - November/December 2016 - 9
LatinFinance - November/December 2016 - 10
LatinFinance - November/December 2016 - 11
LatinFinance - November/December 2016 - 12
LatinFinance - November/December 2016 - 13
LatinFinance - November/December 2016 - 14
LatinFinance - November/December 2016 - 15
LatinFinance - November/December 2016 - 16
LatinFinance - November/December 2016 - 17
LatinFinance - November/December 2016 - 18
LatinFinance - November/December 2016 - 19
LatinFinance - November/December 2016 - 20
LatinFinance - November/December 2016 - 21
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LatinFinance - November/December 2016 - 24
LatinFinance - November/December 2016 - 25
LatinFinance - November/December 2016 - 26
LatinFinance - November/December 2016 - 27
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LatinFinance - November/December 2016 - Cover3
LatinFinance - November/December 2016 - Cover4
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