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?
Category: 2009
Posted inMagazine
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.
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Itaú Unibanco: Behind the Merger
Mindful of competition at home, Brazil’s newly minted banking behemoth is bolstering domestic business while readying a push overseas. Itaú Unibanco is poised to take on the world.
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Best Bank Jamaica: Safe Deposits Haven
Jamaica may have been hard hit by the global recession, but that probably ended up benefitting Scotia’s operations on the tropical island.
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Best Local Investment Bank Brazil: Global Buildout
Itaú BBA’s expansion has happened at a steady clip over the past four years, and the shop poses an increasing threat to global powerhouses hoping to grab a slice of the Brazilian investment bank fee pool.