There are 36 new entrants into this year’s Top 1000 ranking, and largely speaking the factors behind these arrivals are split into two camps. One half of the new arrivals are a measure of the pure organic growth taking place in emerging markets. Latin American banks account for 10 new entrants – five from Brazil, four from Colombia and one from Mexico, while south-east Asia accounts for five.
With a youthful population, a rising middle class and an abundance of natural resources, Latin American economies in particular have been benefiting from a surging demand for commodities and experiencing rapid growth which has been driving the growth of the regional banking industry.
