The government’s plans for development of the pre-salt fields in Brazil put Petrobras firmly centre stage. Presidential elections loom and detail is lacking, but oil experts are excited.
Category: 2009
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Best Bank Costa Rica: Sweet Insulation
Costa Rica’s government backed banks have played an important role in supporting the country’s economy, and continue to dominate at a time when private financial institutions and foreign operations may find it difficult to enter or increase share.
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STRUCTURED FINANCE: Race to the Start Line
Mexican bankers are racing to put together a new series of structured deals that aim to channel substantial captive local funds into essential long-term infrastructure projects.
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Private Equity Readies LatAm Resurrection
As the economic outlook for Latin America brightens, so do prospects for private equity fundraising and fund creation. Is an uptick really happening, or is it all just wishful thinking?
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Best Bank Dominican Republic: Popularity Uncontested
Banco Popular Dominicano, the second largest bank in the Dominican Republic after state-owned Banco de Reservas, with a 25% market share based on assets, is known for a conservative risk culture and adequate asset quality, according to Fitch, which assigns a AA- local rating.
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M&A: Brisk Energy Flow
Deals in the energy sector are ruling the M&A arena in Latin America as Spanish companies offload holdings.
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Best Bank Ecuador: Double the Trouble
The impact of the credit crisis is a theme for all LatAm banking systems, and in Ecuador there is the added question of political volatility.
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COMMENT: Standing up to China
More good news for an already bulled up LatAm market comes from China, which is bearing gifts in the form of large and seemingly cheap financing.
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Best Bank Guatemala: Caution Prevails
Despite the economic downturn, Guatemala’s GyT Continental could see profits jump by 25% by the end of this year compared to 2008, CEO Flavio Montenegro tells LatinFinance.