BANKING: The week in 10 stories

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Friday, June 16, 2017

The governments of El Salvador, Guatemala and Honduras, and the Inter-American Development Bank, have announced the launch of an initiative to promote US$2.5bn in infrastructure investment in the three countries over the next five years.

BRAZIL

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Banco Santander Brasil, the Brazilian unit of Spanish banking giant Banco Santander, is evaluating the acquisition of small lender Banco Original.

Brazil's federal court withdrew a criminal lawsuit against the CEO of Brazil's bank Banco Bradesco, Luiz Carlos Trabuco Cappi.

MEXICO

Mexico is making inroads into improving financial inclusion, with banking infrastructure reaching further into less populated areas. However, the financial system is presenting major shortfalls in regards to private individual retirement savings accounts, or Afores.

At a Glance: Mexico's top 6 banks by assets

ARGENTINA

Argentine lender Banco Macro has raised about US$666mn via a primary follow-on offering of 74mn shares.

Which LatAm nation's banking sector has the most growth potential? BNamericas asks Moody's associate managing director Aaron Freedman for his views on this and what the outlook is for M&As in the region.

PERU

Peru's banking system saw a 28% annual increase in funds moved via interbank transfers in 2016, totaling US$32bn, bolstered by the introduction of an instant transfer mechanism launched in September last year, according to a study conducted by bank association Asbanc.

CHILE

The Chilean government on Monday submitted a bill to congress that modifies the country's general banking law.

COLOMBIA

Colombia's finance ministry lowered its 2017 GDP growth estimate to 2.3% from the 2.5% forecast made in December, moving in line with the May IMF estimate.