Latin America Bank Profits: Peru Leads Growth

Bank profits grow in Mexico, Chile, Colombia and Argentina

BY LATINVEX STAFF

Peruvian banks led profit growth, while Brazilian banks posted the worst performance, according to a new Latinvex ranking of Latin America’s top 150 banks based on data from Economatica.

Apart from Peru, other growth winners are banks in Argentina, Mexico and Colombia, while banks in Chile saw profits decline.

Itau Unibanco, Latin America’s and Brazil’s largest private bank, posted the strongest real growth in profits, while Banco Autofin Mexico, saw the strongest percentage growth.

All in all, Brazil’s top banks posted an average decline of 109 percent to $18.6 billion, while Mexican banks saw their profits grow an average of 20 percent to $9 billion.  

Peruvian banks saw a dramatic 84 percent jump in profits last year to $2.1 billion.

Chilean bank profits fell by an average of 628 percent to $3.1 billion, while Colombian bank profits increased an average of 11 percent to $2.6 billion and Argentina bank profits grew an average of 36 percent to $1.9 billion.

Ranking keywords: Banco de Credito, Bancomer, Banamex, Banco do Brasil, Bancolombia, Banorte, BBVA, Bradesco, Citibank, Deutsche Bank, HSBC, Itau Unibanco, Scotiabank

THE NUMBERS

Latin America’s Most Profitable Banks

Latin America Banks (2015): Profit Growth Winners & Losers

Latin America’s Top Banks By Income

THE COUNTRIES

Latin America's Top Banks (2015): The Country Tally