A variety of countries feature in the ranking of Latin American banks by Tier 1 capital growth. Chile's Banco Ripley leads the charge, with a massive 380.99% increase in Tier 1 to $327m. Ripley has expanded from a relatively low base, as have most of the lenders in the ranking.
Ripley is followed by Colombia-based Banco CorpBanca Colombia, which bolstered its core capital by 129.95%, taking it to $952m. Venezuela-based lenders occupy the third and fourth positions. Third ranked Banco Occidental de Descuento saw a 74.67% increase in core capital, taking it to $905m. Fourth placed Mercantil Servicios Financieros is the largest lender in the ranking, its 67.62% boost in capital takes its total Tier 1 to $3.5bn.
Brazil-based Banco Morgan Stanley Brazil occupies the last spot in the ranking, with a 55.86% increase in Tier 1. The foreign-owned subsidiary has $748m of Tier 1.
For more on Latin America's largest banks, see The Banker's Top 200 Latin American banks ranking.
