While China and Brazil have set up infrastructure for renminbi clearing, Argentina repaid an IMF loan in yuan.
In May, households withdrew £4.6bn from banks and building societies.
The state-owned bank saw a 70% surge in pre-tax profits in 2022. More generally, Brazilian banks have benefited from a strong export performance and rising interest rates.
All seven domestically owned Mexican banks in the main Top 1000 ranking saw a double-digit increase in their pre-tax profits.
Three of Colombia’s four largest domestic banks saw a single-digit decrease in Tier 1 capital in 2022.
2022年,银行的盈利能力有所改善,它们抓住了利率走高的机会。然而,世界范围内的通货膨胀和货币政策收紧也带来了挑战,主要体现在融资成本上升和利息支出增加。
Banks’ profitability improved in 2022, but inflation and tighter monetary policy worldwide also presented challenges
Brazilian banks remain dominant, with challenger Nubank making its first Top 1000 appearance
Five Latin American countries are taking steps in the realm of open banking.
M&A fees are down 35% for the year to date, dropping to a nine-year low.
High debt levels in the private sector are typically associated with recessions.
Large banks in the region retain more than 70% of all banking assets, with an average size of almost €700bn.
Many banks are members of the Net-Zero Banking Alliance, but the “net zero” targets leave controversial portfolios unaddressed.
The central bank in Brazil is preparing to launch a digital currency at the end of 2024.
The decline also reflected the increased competition with specialist and challenger banks.
Seven years after the Panama Papers, the country is still on Gafilat’s grey list for deficiencies in combatting money laundering.
The Caribbean economies expanded last year on the back of increased revenue in commodity-exporting countries. Most of the biggest lenders in the region improved metrics, such as assets and profits.
The country’s Financial Conduct Authority has written to High Street banks asking them to justify their lower savings rates.
A dollar shortage and falling international reserves are highlighting the limits of a very heterodox economic model.
A drop in foreign reserves and fears over devaluation are threatening the Latin American country’s economy, as its third-largest bank faces liquidation.