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Three Banks in Colombia Among The Best in South America

Colombia Banks as the Bank of Bogota, and the traditional GNB Sudameris Bancolombia listed in the ranking of the 25 best performing banks this year, according to a study by América Economía.

Colombia Banks as the Bank of Bogota, and the traditional GNB Sudameris Bancolombia listed in the ranking of the 25 best performing banks this year, according to a study by América Economía.

Banco de Bogota is the Colombia bank that is better positioned in the ranking that made the top 25 South American banks in 2010 the ‘American Economy’ and also includes GNB Sudameris and Bancolombia.

According to list of banks, Which is constructed based on the performance of banks under its capital management, assets, assets and liquidity, the Bank of Bogota it ranked 16 in the region, which rose six places in front of the ranks of 2009. The GNB Sudameris first appeared in the group, ranked 24 and Bancolombia is ranked 25 of the list of banks in South America.

The investigation of banks by the “American Economy ‘ranked first place for the sixth consecutive year, Banco Santander of Chile. It is followed by powerful Itaú and Unibanco in Brazil, occupying the third place South American banks Continental BBVA Peru.

Apart from the three Colombia banks, Among the 25 best in South America there are six chile banksFive Brazilian banksFive mexico BanksFour Peru banksA bank of Uruguay and a bank of Ecuador. Also noteworthy is that four banks listed on the Santander Group list of the 25 banks.

Other ranks that the study, the most profitable banks in the region are the Nova Scotia which is one of the best panama banksThe Exterior of Venezuela, Comafi of Argentina and Banco Agrario de Colombia, with a return on equity close to 20 percent.

On the other hand, banks in Brazil were the most increased their loan portfolios, for among the 15 banks whose loan portfolio growth exceeded 65 percent, 13 are in Brazil. In contrast, entities that are more reduced the portfolio’s most Venezuela banks and Guatemala.

According to the report, on average, 25 banks are better than last year, “which shows that Latin American banks are creating strong institutions for crisis-proof.”

In that sense, it is considered that strength of banks in South America lies in three main elements. On the one hand, there are strong balance sheets of banks, which include strict regulation and monitoring systems.

This, he adds that domestic markets are under-banked and therefore have focused on serving local customers, which has managed to avoid being exposed to toxic assets that pollute the balance, as happened to many entities developed countries in the world.

The other big reason has to do with the good performance in general have had economies of South America and effective monetary management, which allowed “the first decade of XXI century has been the litmus test that enabled the Latin American banking enter adulthood. “

A continuacuón the List of banks largest in Latin America:

The five largest banks in the region are in brazil. The list of the largest banks in Latin America is led by state-run Banco do Brasil, with assets in excess of 363,000 million dollars, followed by Banco Itau and Banco Bradesco, Unibanco. As for Colombia, Bancolombia is ranked 20, the Banco de Bogota in 23, Davivienda in 26 and BBVA Colombia at 34. In total, 14 banks in Colombia are those in the 250 largest in the region.

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