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Banking assets and earnings grow By David Ramirez Latin America’s Top 100 Banks –Latin Trade’s ranking of the region’s largest credit institutions in terms of assets in US dollars– shows rising assets and profits, even after accounting for weaker local currencies and economic deceleration. Total banking assets reached $3.98 trillion at the end of 2014, or 3 percent more than a year earlier, whereas profits went to $51.55 billion, signaling a 10 percent rebound in the period. The above data, however, is relatively distorted by the behavior of Venezuelan credit institutions, whose assets and net income soared by an average […]
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