Awards for Excellence 2018
The award for the region’s best digital bank goes to Brazil’s Banco Inter. The bank conducted its $200 million IPO just after the April 1 deadline and continues to lead an exciting industry with great potential. But it was Inter’s ability to attract financing and provide a positive data point for the local exchange’s fintech sector that makes it stand out.
Investors liked the growth story that the bank could articulate too. Its online customer base grew by 338% to 535,600 in the year to the end of March 2018.
 |
| Joao Vitor Menin |
The bank’s credit portfolio has grown at a compound annual growth rate of 38% since December 2009, to reach R$2.6 billion – still dominated by its initial offering of home equity loans (61%), payroll loans (30%) and small and medium-sized enterprises (8%).
With a central bank that is keen to encourage the fintech sector as one of its ways to lower the local banking spread, the outlook is bright.