Banco Cuscatlán, the second-largest commercial bank in El Salvador with $2.13 billion in assets, is fast realizing its ambition to become the leading commercial bank in Central America. LatinFinance has […]
Category: 2003
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Living with Uncertainty
Banks in Latin America are vulnerable to political upheaval and this is particularly true in Venezuela. Years of unrest have undermined confidence, while exchange controls that President Hugo Chávez introduced […]
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A Survivor’s Tale
Ricardo Handley personifies the wheeling and dealing that characterized Argentina in the 1990s. Now, after years in obscurity, he is back in the public eye.
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Mopping Up the Mess
It’s been a terrible year for the banking system, with three of the top six private-sector banks failing or pressured into forced sales. The collapse is due to mismanagement or outright fraud, officials say.
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Ahead of the Pack
Under the command of Roberto Setúbal, Brazil’s Banco Itaú has moved into a league of its own. Itaú is the most profitable and most valuable bank in Latin America.
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Picking Up the Pieces
The collapse last April of Banco Intercontinental, the second-largest private commercial bank in the Dominican Republic, threatened to bring down the country’s entire financial system. Three months later, the Central […]
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Aiming for a Local Following
São Paulo’s Unibanco had wanted to tidy up its confusing share structure for years. A rally in the equity markets was the opportunity it was waiting for.
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Pipelines of Discontent
Bolivians threw out a government over plans to export natural gas. Bolivia and other gas-rich Latin American countries risk forfeiting forever the North American market that is theirs to lose.
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And Then There Was One
Banorte has come a long way in a short time. As Mexico’s last big locally-owned commercial bank, Banorte has its work cut out to compete against giant foreign-owned banks that […]
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Regional Reach
Royal Bank of Trinidad and Tobago (RBTT) has been shaping the Caribbean’s banking industry for more than a century. However, it is only within the last 15 years that it […]