Latin America best managed banks 2018: Mexico

Mexico’s largest lender BBVA Bancomer emerges as the country’s best managed bank from a crowded field of contenders – testament to what analysts say is the best regulatory environment in Latin America. 

Despite not being a public company, BBVA Bancomer edges out its two main listed rivals, Santander and Banorte, as the former is still in the early stages of an ambitious strategic overhaul and the latter’s recent acquisition of Interacciones raised some corporate governance concerns among analysts. 

Since 2013, Bancomer has invested $3.5 billion in transforming its business – from strengthening its technological capabilities to refurbishing its branches – helping it achieve its objective of improving the overall customer experience.