Looking at the top of The Banker’s 2012 Latin America ranking, one may be forgiven for wondering if any of the smaller banks will ever manage to overtake the region’s giants. There has been no change in the top 10 places since 2011's ranking, with Itaú Unibanco still sitting firmly at the top of the list and prime spots occupied by Brazilian and Mexican lenders, with Santander’s Chilean operations closing the pack.
Big shifts
