Best bank in Latin America
Strength through diversity is driving many of Latin America’s banks to grow regionally; the policy is working well for those becoming too dominant in their home market and for those following their large corporate clients into lucrative new markets. The growth of banking ‘multi-Latinas’ is set to continue, and it will be interesting to see which, and how quickly, of the local regional players can build scale to challenge the current duopoly of BBVA and Santander.
This year, however, BBVA retains its award for best bank in Latin America after posting very strong results in a region showing some signs that the fast pace of credit expansion is tiring.