Banks from Latin America and the Caribbean have generally performed well in 2022, driven by strong net interest income from rising interest rates. The largest lenders mostly rely on stable and low-cost retail customer deposits for their funding, a dynamic that supports profitability.
Looking at the biggest 25 banks by Tier 1 capital, Brazil still dominates the ranking with seven entries, one less than last year despite two lenders leaving the group. Both Banrisul and Banco Inter do not make it into the top 25 table this year, despite the latter being the region’s highest mover in the 2022 ranking. Banco do Nordeste do Brasil joins the top 25, due to a 37.41% rise in Tier 1.
