Latin America’s Top 100 Banks: Venezuelan institutions rank dominate asset growth

Venezuelan banks saw the highest growth in assets in Latin Trade’s most recent Top 100 Banks ranking. Banesco, Venezuela’s largest bank, saw its assets grow by 98.6 percent, pushing it to spot number 37, up from number 73 in the previous ranking. Also with a 98 percent growth in assets is Banco de Venezuela, which went from spot 59 to 31. In the same category, Brazilian banks were the hardest hit. In fact, all the banks in the Top 10 Asset Losers sub-ranking are Brazilian. Banco Volkswagen Brasil posted a 40 percent drop in assets, and a 34 percent drop in net income compared with the previous rankings. Close behind is JP Morgan Chase, with a 35 percent plunge in […]

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