LatinFinance’s Banks of the Year Awards for 2017 celebrate the financial institutions in Latin America and the Caribbean that have demonstrated excellence in retail, commercial and investment services between July 1, 2016 and June 30, 2017.
2017 Banks of the Year Awards
We are taking nominations for the 2017 Banks of the Year Awards until Friday, August 4, 2017
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Categories
Provisional categories for LatinFinance’s 2017 Banks of the Year are listed below. These comprise an overall Bank of the Year and Bank of the Year in each Latin American and Caribbean country with a GDP of over $10 billion.
- Bank of the Year
- Bank of the Year Mexico
- Bank of the Year Brazil
- Bank of the Year Argentina
- Bank of the Year Colombia
- Bank of the Year Venezuela
- Bank of the Year Peru
- Bank of the Year Chile
- Bank of the Year Ecuador
- Bank of the Year Uruguay
- Bank of the Year Paraguay
- Bank of the Year Bolivia
- Bank of the Year Panama
- Bank of the Year Central America
- Bank of the Year Guatemala
- Bank of the Year Costa Rica
- Bank of the Year El Salvador
- Bank of the Year Honduras
- Bank of the Year Nicaragua
- Bank of the Year Dominican Republic
- Bank of the Year Caribbean
- Bank of the Year Trinidad and Tobago
- Bank of the Year Jamaica
- Investment Bank of the Year Brazil
- Investment Bank of the Year Mexico
- Investment Bank of the Year Colombia
- Investment Bank of the Year Chile
- Multilateral Development Bank of the Year
- Microfinance Institution of the Year
Criteria
The awards are judged on three factors:
- Financial data for banks over the reference period (including but not limited to total assets, capital ratio, return on equity, return on assets)
- Market opinion including analyst and rating agency comment
- LatinFinance editorial evaluation
Banks of the Year:
The winner in categories 2 to 23 will be determined by activity over the reference period, including:
- financial strength, capitalization and liquidity
- strategy, including how the bank has coped with economic and regulatory changes in the economies in which it operates
- acquisitions and organic growth over the reference period
- capital markets activity over the reference period
- market perception
- transparency
Investment Banks of the Year:
The winner in categories 24-27 will be determined by activity over the reference period, including:
- arranging domestic and international bond, loan, equity and M&A transactions in the region, referring to league tables and pitches
- success of specific deals, including local market transactions
- financial strength, capitalization and liquidity
- strategy, including how the bank has coped with economic and regulatory changes in the economies in which it operates
- acquisitions and organic growth over the reference period
- market perception, including perception from LatAm’s capital markets issuers
- banks headquartered outside Latin America are eligible; activity for capital markets issuers in both domestic and international markets will be considered
Multilateral Development Bank of the Year:
The winner in category 28 will be determined by extent of operations and engagement in Latin America over the reference period, including:
- lending to Latin companies and institutions
- success, importance and innovation of specific financings
- activity in capital markets both for own capital purposes and for market development
- market perception, including perception from borrowers and co-lenders
- transparency
Microfinance Institution of the Year:
The winner in category 29 will be determined according to the similar criteria to categories 2 to 23, though greater weight will be given to institutional success and innovation in sustainably fostering broader financial inclusion in the region.
Bank of the Year:
The Bank of the Year will be selected from the winners of categories 2-29. The winner in category 1 will be determined by overall performance over the reference period including growth in market share, asset base, capitalization, liquidity and market perception.
Selection process
Nominations from banks, opinion and analysis from the market and financial data inform LatinFinance’s editorial evaluation on the awards.
Pitches
Financial institutions are encouraged to send details supporting their candidacy for the awards, although such material is not required to be considered for the awards. Any pitches must include a completed nomination sheet, in addition to any supporting document.
Institutions are asked to outline qualitative information describing the ways in which the institution has grown, achieved success, and stayed ahead of the competition, as well as any other relevant quantitative data.
Investment banking submissions and multilateral development bank submissions are advised to demonstrate excellence through reference to specific transactions, and in comparison to their peers.
Microfinance institutions are advised to place weight on describing how they innovated and achieved success in sustainably fostering broader financial inclusion in the region.
All pitches must include a completed nomination sheet, in addition to any supporting documentation.
Pitches and nominations should be set to awards@latinfinance.com by 5pm ET on Friday August 4, 2017.
LatinFinance editorial staff will be available for meetings and conference calls to discuss the shortlists and supporting documents between July 24 and August 4, 2017.
Market opinion
LatinFinance will consult a range of market participants to gain perspective on the shortlist, including portfolio managers, credit analysts and other market participants.
Market opinions are kept strictly confidential and will not be disclosed.
Examination of financial data
LatinFinance will review official financial data for each of the shortlisted or nominated banks, and speak to analysts and other third parties about the institutions. As is relevant in each category, sources will include, but will not be limited to: banks’ pitches, financial reports and accounts, company presentations, stock exchange filings, LatinFinance reporting.
Data will include but not be limited to: capitalization levels, total asset numbers, return on assets and return on equity, transaction details.
Editorial evaluation
LatinFinance’s editorial team will supplement their examination of financial data and information from pitch documents and meetings with information from bank analysts and clients. This will be sourced through a review of analyst reports and in-depth telephone interviews with bank analysts.
The editorial team retains discretion over the final allocation of awards in each category. The final decision will be based on information supplied in pitch documents and meetings or calls, research of financial data and analysis, interviews, and our knowledge of markets and activity over the course of the past 12 months.