Category: Awards
Posted inMagazine

Best Bank − Uruguay: Banco de la Republica

by LatinFinance Awards

FDI Booster
Uruguay’s Banco de la República, the country’s largest bank in terms of deposits, has started to notch up an excellent performance on the back of firm economic growth. The Uruguayan economy has been roaring ahead at more than 7% a year following the 2002 economic crisis, according to the IMF. At first, expansion in banking did not follow the economic rise, but during the past two years it has started to match it.

Posted inMagazine

Best Multilateral: Inter-American Development Bank

by LatinFinance Awards

Forward Lateral
Long before it was making $6 billion available to boost regional liquidity, providing $400 million to the Panama Canal, or preparing $150 million to prop up Mexican RMBS, the IDB had gone from lender of last resort to innovator of first choice. The institution’s funding was as crucial to keeping tiny businesses afloat as it was to pushing through gigantic projects. The leadership, ingenuity and raw sums of money it put in outshine other multilaterals in a banner year for the sector.

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