Bank profits grow in Mexico, Chile, Colombia
BY LATINVEX STAFF
Brazilian banks saw a
steep decline in profits last year, while their counterparts in Mexico expanded
strongly, according to a new Latinvex ranking of Latin America’s
banks based on data from Economatica.
Meanwhile, Chilean bank
profits grow strongest among banks in the top six economies of Latin America,
followed by Argentina and Colombia, while banks in Peru overall saw a decline.
Itau Unibanco, Latin
America’s and Brazil’s largest private bank, posted the strongest real growth
in profits, while Telefonica Finanzas Mexico, the bank of Spain-based
Telefonica in Mexico, saw the strongest percentage growth.
All in all, Brazil’s top
banks posted an average decline of 199 percent to $20.5 billion, while Mexican
banks saw their profits grow an average of 341 percent to $9.2 billion. Chilean bank profits grew even faster – by an
average of 653 percent to $4 billion, while Colombian bank profits increased an
average of 17 percent to $2.8 billion and Argentina bank profits grew an average
of 58 percent to $2.2 billion.
Peruvian bank profits,
however, saw an average decline of 36 percent to $1.8 billion.
Latin America’s Most Profitable Banks
Latin America Banks (2014): Profit Growth Winners & Losers
Latin America’s Top Banks By Income
Argentina Banks (2014): Profit Winners & Losers
Brazil Banks (2014): Profit Winners &
Chile Banks (2014): Profit Winners &
Colombia Banks (2014): Profit Winners &
Mexico Banks (2014): Profit Winners &
Peru Banks (2014): Profit Winners &