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The 100 biggest banks in the region did not increase their total assets in 2013, but reported a 7.6% increase in net revenues. The reasons behind this financial paradox. By Santiago Gutierrez It might come as a surprise to many, but Latin American banks did not grow in 2013. The 100 biggest banks in the region had combined assets of $3.86 trillion in 2013, $4 billion less than in 2012. On the other hand, net revenues jumped to $50.9 billion in 2013, from $47 billion in the previous year, a significant 7.6% increase. There are two main explanations behind these […]
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