Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Top 1000 World Banks - Brazil's banks weather twin storms to stay in front

The recession and corruption scandal that have engulfed Brazil have failed the knock its banks off course, as they continue to dominate the Latin America and Caribbean ranking. Silvia Pavoni reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

The past two years have seen Brazil's banks endure both a full-blown recession and the widening of a corruption scandal that has reached the very top of the country's business and political worlds.

As the Brazilian economy begins to recover, its banks’ balance sheets continue to improve, as shown in The Banker's ranking of the leading Latin American and Caribbean banks. Itaú Unibanco’s figures are particularly impressive. In dollar terms, by the end of 2016 the bank had expanded its Tier 1 capital by more than one-third, the equivalent of $9.67bn. Its strength is visible even when stripping the benefits of a more favourable exchange rate. Expressed in local currency, the year-on-year Tier 1 capital growth is still an impressive 14.79%.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
Read more articles from this author