Americas: Top 100 Latin American Banks - Brazil Shows Its Strengths - Brazil's Banks Dominate The Listing With Their Healthy Assets And profitability, And Mexico Also Does Well.

Banker, The, October, 2007

The robust health of the Brazilian economy has contributed to the continued dominance of Brazilian banks in our listing of the Top 100 Banks in Latin America, with 26 banks that between them account for the following shares in the aggregate figures: Tier 1 capital 53.8%, assets 54.5%, and pre-tax profits 52.3%.

As reported in July's The Banker, lending in Brazil, particularly consumer credit, has taken off despite high costs, and the mortgage market is, as yet, largely untapped. A downward movement in interest rates, especially to single digits, is likely to trigger a surge in this sector that will further add to banking sector assets and profitability.

Mexico's eight banks in the listing contributed 22%, 15.2% and 25.9% of the same aggregates....

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