Country Awards for Excellence 2017: Latin America (including Central America and Caribbean)

The Argentine banking system is beginning to return to a semblance of normality, with signs such as positive interest rates. But the road back to international standards is a long one. After many years of economic dysfunction and highly prescriptive banking regulations (including mandatory lending to segments and floors and caps on interest rates), it will take a long time for an orthodox banking sector to appear. 

More recently, the banks have also had to deal with the challenge of a recession as president Mauricio Macri’s administration goes about the painstaking job of rebuilding a sound macroeconomic environment.