Latin America Bank Profits: Chile Leads Growth

Banco de Chile leads in Chile bank profits, but Banco Internacional leads in profit growth in percentage terms. (Photo: Superzerocool)

Bank profits grow in Argentina, Chile and Peru.


Chile led the way in profit growth among Latin America’s top 150 banks, followed by Peru and Argentina, according to a Latinvex ranking based on data from Economatica.

Itau Unibanco, Latin America’s and Brazil’s largest private bank, posted the strongest real growth in profits, while Chile-based Banco Internacional, saw the strongest percentage growth.

Chilean bank profits jumped by an average of 624 percent to $2.9 billion, continuing the trend of dramatic changes in the country’s banking sector.  In 2015, bank profits decreased by an average of 628 percent to $3.1 billion.

Meanwhile, Peruvian banks saw a 32 percent jump in profits last year to $2.5 billion, while Argentine bank profits grew 26 percent to $1.6 billion.

All in all, Brazil’s top banks posted an average decline of 78 percent to $17.92 billion, while Mexican banks saw their profits decline an average of 5 percent to $8.1 billion.  These figures include all Brazilian and Mexican banks on the ranking, not just the top 25 analyzed by Latinvex recently. (See Brazil Banks Most Profitable, Mexico Leads Growth).

Ranking Keywords: Banco de Credito, Bancomer, Banamex, Banco do Brasil, Bancolombia, Banorte, BBVA, Bradesco, Citibank, Deutsche Bank, HSBC, Itau Unibanco, Scotiabank



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