Latest articles from Uruguay

Danilo Astori teaser

Uruguay’s finance minister celebrates return of investor confidence

June 1, 2017

Uruguay’s economy and finance minister, Danilo Astori, talks to Silvia Pavoni about his country’s resistance to recession and its increasing attractiveness to overseas investors. 

Top-200-Latin-American-banks-ranking-2015

Top 200 Latin American banks ranking 2015: Argentina and Brazil press on in hard times

November 2, 2015

The Banker’s Top 200 Latin American banks ranking for 2014 sees Brazilian institutions stay on top, while Argentina maintains its status as most profitable, despite mounting challenges. 

Uruguays finance minister charts upwards growth path

Uruguay's finance minister charts upwards growth path

November 25, 2013

Uruguay's finance minister, Fernando Lorenzo, tells The Banker how his country has managed to remain resilient in the face of the global economic crisis, and why he still longs for a more open Latin America.

Uruguayan banks take domestic approach to profit growth

Uruguayan banks take domestic approach to profit growth

March 1, 2012

Awash with liquidity and buoyed by a strong local economy, the story of Uruguay's banks seems to be a rosy one on first inspection. However, with its banking sector dominated by state-owned lenders, private banks have struggled to turn in a profit, leading them to look towards local consumer loans and mortgages.

a large crowd of supporters

Uruguay's banks being crippled by caution

November 24, 2010

As governments in the Western world attempt to implement more conservative regulation within their financial markets, banks in Uruguay are stagnating because of the country's overcautious economic approach over the past decade. Writer John Rumsey

Uruguay makes its mark overseas

October 6, 2008

Long dependent on exports and its larger neighbours, Uruguay is using tax breaks, duty-free zones and investor-friendly legislation to make itself an attractive prospect for foreign money. By John Rumsey.

Longer tenors and more microfinance diversify portfolios

October 6, 2008

The private sector is showing its confidence in Uruguay’s revitalised banking system by investing more, and a robust deposit base is allowing banks to offer their corporate clients longer tenors. By John Rumsey.

Crisis shrugged off as banking thrives

October 6, 2008

The Uruguayan banking system has put the dark days of 2002 behind it. Deposits and lending are booming, and banks have shown an annual growth rate of 14% for five consecutive years. By Fernando Calloia.

No let up in Uruguay success story

October 6, 2008

Thanks to prudent macroeconomic policies and balanced fiscal accounts, Uruguay’s economy is showing low inflation coupled with strong gross domestic product and foreign direct investment growth. By Fernando Calloia.

Zone backbone

September 4, 2006

Uruguay’s free trade zone, Zonamerica, is bringing in much-needed investment, although it has its critics. Monica Campbell reports.

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