LatinFinance - November/December 2016 - 36

AWARDS
BANKS OF THE
YEAR 2016
Leading financial institutions in Latin America and the Caribbean have
successfully negotiated a tricky economic background and now have their
sights set on the digital revolution

F

inding common points across the diverse banking systems
of Latin America and the Caribbean is difficult. But two overarching
themes have emerged over the past 12 months.
The first is the operating environment. The region's economies have
been sluggish, putting the brakes on credit growth - and profitability
improvements - in many institutions. The banks recognized in
LatinFinance's Banks of the Year Awards have all managed to excel in
spite of the difficult economic context, perhaps by picking up market
share from competitors, reorganizing the business to improve capital
or striving to improve efficiency.
Digital advances constitute the other major area of common ground
among the banks recognized in these awards. As technological
capabilities advance rapidly at the global level, local players face
constant pressure to keep up. Improving the IT offering helps banks
not only to satisfy customers, both retail and corporate, who are
demanding easier access to their financial information online. It
also aids in bringing down costs, by reducing the need for physical
branches and making transactions more efficient.
The editorial team at LatinFinance chose the institutions recognized
in the following pages after a selection process involving multiple steps.
Shortlists of the biggest banks by assets in each country provided a
starting point. In investment banking categories, the shortlists were
drawn from leaders in local capital markets league tables.
LatinFinance considered financial data for banks during the
reference period - July 1, 2015 to June 30, 2016 - as well as the opinion
of market analysts and supporting documentation from institutions
themselves. Full details on the selection process can be found online at
www.latinfinance.com/boty.
36 LATINFINANCE.COM - November/December 2016

Bank of the Year Itaú Unibanco
Argentina Banco Macro
Bolivia Banco de Crédito de Bolivia
Brazil Itaú Unibanco
Brazil Investment Bank Itaú BBA
Caribbean BanReservas
Central America Grupo Financiero Ficohsa
Chile Santander Chile
Chile Investment Bank Banchile-Citi
Colombia Banco de Bogotá
Colombia Investment Bank Bancolombia
Costa Rica  Banco BAC San José
Dominican RepubliC BanReservas
Ecuador Banco Pichincha
El Salvador Banco Agrícola
Guatemala Banco Industrial
Honduras Grupo Financiero Ficohsa
Jamaica National Commercial Bank
Mexico Grupo Financiero Banorte
Mexico Investment Bank BBVA Bancomer
Multilateral CAF
Nicaragua Banco Lafise Bancentro
Panama BAC Panamá
Paraguay Itaú Paraguay
Peru Banco de Crédito del Perú
Trinidad & Tobago First Citizens Bank
Uruguay Banco de la República Oriental del Uruguay
Venezuela Banco Mercantil


http://www.latinfinance.com/boty 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
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LatinFinance - November/December 2016 - Cover3
LatinFinance - November/December 2016 - Cover4
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