Latin America’s Top 100 Banks 2013
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12th August 2013

Brazilian banks suffer amid slow economic growth, but an election year in Venezuela helps drive up that country’s bank’s assets and net incomes.

By and large, 2012 was a good year for Latin America’s Top 100 Banks. With very few exceptions, all banks saw an increase in assets over 2011, although net income was more of a mixed bag.
The top 5 banks are entirely dominated by Brazilian banks, all with assets over $200 billion and net incomes exceeding $1 billion. Brazilian state bank Banco do Brasil tops the list of largest banks with assets of nearly $563 billion, followed by Banco Itaú Unibanco, and Bradesco.
However, Banco do Brasil comes in second place in terms of net income: with $5.9 billion in net income, it comes in just behind Banco Itaú Unibanco, which tops the list with $6.6 billion. Yet 4 of the top 5 banks saw declines in net income last year, with Caixa Econômica Federal  – with growth of 7.4 percent –the only exception. Outside the top 5, no bank has assets of more than $100 billion, and only three banks saw net income in excess of $1 billion. Those three were Mexico’s BBVA Bancomer (number 6), Brazil’s BTG Pactual (number 9), and Mexico’s Santander (number 11).
Interestingly, the top 10 largest year over year increases in both assets and net income were dominated by Venezuelan banks. In assets, nine of the 10 banks were dominated by Venezuelan banks, while in increases in net income, seven of the 10 were Venezuelan.The largest increase in both categories …

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