Latin America’s best bank 2016: Banco de Credito del Peru

Results index In recent years it had begun to feel as if Latin America was experiencing a kind of internal continental drift. In the north, the countries were pulling away and out to the Pacific, bound by aspirations for the free market disciplines of the Trans-Pacific Partnership and the Pacific Alliance, in sharp contrast with the political disunity and economic stasis of the aging Mercosur bloc. However, 2015 was the year that this changed: Colombia struggled as falling oil prices highlighted a weak fiscal base; Mexico continues to frustrate largely due to political risk; and Peru and Chile were subdued as Asian export markets struggled and inward investment slumped.