NEW YORK, NY -- (Marketwired) -- LatinFinance announces the winners of the 2014 Banks of the Year Awards which recognize the banks that have achieved stand-out performance during the past year, excelling in areas including growth, profitability, asset quality, solvency and efficient use of the capital markets.
Conditions in much of Latin America and the Caribbean have become tougher in the past year for banks. Amid a consolidated, more saturated banking market, where raising capital to meet regulatory requirements or fund growth has been difficult, this year's winners have demonstrated resilience and success.
2014 Banks of the Year Award Winners
Full details on each award winner can be accessed by clicking on the name of the bank adjacent to the award.
BANK OF THE YEAR, BANK OF THE YEAR MEXICO: Banorte
BANK OF THE YEAR BRAZIL: Banco Bradesco
BANK OF THE YEAR ARGENTINA: BBVA Banco Francés
BANK OF THE YEAR COLOMBIA: Bancolombia
BANK OF THE YEAR VENEZUELA: BBVA Provincial
BANK OF THE YEAR PERU: BBVA Continental
BANK OF THE YEAR CHILE: Banco Santander Chile
BANK OF THE YEAR ECUADOR: Banco Pichincha
BANK OF THE YEAR URUGUAY: Banco Itaú Uruguay
BANK OF THE YEAR PARAGUAY: Banco Itaú Paraguay
BANK OF THE YEAR BOLIVIA: Banco Mercantil Santa Cruz
BANK OF THE YEAR PANAMA, BANK OF THE YEAR CENTRAL AMERICA: Banco General
BANK OF THE YEAR GUATEMALA: Banco Agromercantil
BANK OF THE YEAR COSTA RICA: Banco de Costa Rica
BANK OF THE YEAR EL SALVADOR: Scotiabank El Salvador
BANK OF THE YEAR HONDURAS: Banco del País
BANK OF THE YEAR NICARAGUA: Banco Lafise Bancentro
BANK OF THE YEAR DOMINICAN REPUBLIC, BANK OF THE YEAR CARIBBEAN: Banco Popular Dominicano
BANK OF THE YEAR TRINIDAD AND TOBAGO: Scotiabank
BANK OF THE YEAR JAMAICA: National Commercial Bank
INVESTMENT BANK OF THE YEAR BRAZIL: Itaú BBA
INVESTMENT BANK OF THE YEAR MEXICO: Credit Suisse
INVESTMENT BANK OF THE YEAR COLOMBIA: Bancolombia
INVESTMENT BANK OF THE YEAR CHILE: Banchile-Citi
MULTILATERAL DEVELOPMENT BANK OF THE YEAR: Inter-American Development Bank
MICROFINANCE INSTITUTION OF THE YEAR: Compartamos Banco
The Banks of the Year Awards examine banks' performance between July 1, 2013 and June 30, 2014. LatinFinance sought qualitative and quantitative data from banks after drawing up a shortlist for each category based on size of assets, position in the Dealogic fee league tables, or the 2013 MIX/IDB Top 100 report on microfinance.
The editors supplemented submissions from banks with publically available financial statements and regulatory information, as well as data and opinion from equity and credit analysts, Dealogic league tables, and LatinFinance's own reporting, among others sources.
The editors further took into account an online poll. Participants were asked to vote for one of the shortlisted candidates, or put forward their own nomination. The vote was open from July 21, 2014 to August 29, 2014 and received 76 responses.
Published from New York and Miami, with a network of correspondents across Latin America and the Caribbean, LatinFinance has been the leading source of value-added financial markets intelligence for Latin America and the Caribbean for over 25 years. It publishes an eponymous bi-monthly magazine, a Daily Brief news service and runs a global events business.