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Itau, Brazil's largest private bank, leads Latin America in bank brand value. (Photo: ItauUnibanco)
Alberto Fernandez only needed one year to reverse the positive trend in corruption in Argentina. (Photo: Government of Argentina)
Thursday, February 4, 2021
Trade Talk

Banco Itau Leads Latin America Bank Brands


Alberto Fernandez squanders Argentine progress against corruption.

BY LATINVEX STAFF

Brazil-based Banco Itau leads brand value among Latin American banks, according to the latest report by UK-based consultancy Brand Finance.

With a brand value of $5.1 billion, Itau is way ahead of Brazilian banks Banco do Brasil, Caixa and Bradesco, which rank at the top.

Itau lost 25.9 percent of its brand value compared to the previous year, but Banco do Brasil, Caixa and Bradesco also lost value.

Mexico’s Banorte ranks fifth overall, followed by Bancolombia, Banco de Chile and Banco de Bogota.

Banco Galicia has the most valuable bank brand in Argentina, while Interbank holds that position in Peru.

 

Most Valuable Banks in Latin America

Millions of US dollars

LA Rk

Gl Rk

Bank

Value

Ch

1

53

Banco Itau, Brazil

$5,065

-25.90%

2

66

Banco do Brasil, Brazil

$4,040

-11.30%

3

68

Caixa, Brazil

$3,954

-18.30%

4

70

Bradesco, Brazil

$3,908

-41.60%

Source: Brand Finance

 

 

CORRUPTION: BRAZIL IMPROVES, ARGENTINA WORSENS

Brazil improved its corruption perception, while Argentina worsened, according to o the latest Corruption Perceptions Index (CPI) from Germany-based watchdog Transparency International.

That means that Argentine President Alberto Fernandez has squandered the impressive progress made under his predecessor Mauricio Macri.

According to Transparency, Argentina’s score fell 3 points to 42. That was the worst decline among 19 Latin American countries, according to a Latinvex analysis (see below).

A year ago, Argentina had improved its score by five points, marking the best improvement in Latin America.

Meanwhile, Brazil saw its score improve by three points to 38, the best improvement in Latin America.

Mexico also improved – by 2 points to 31.

Latin America Corruption

Ranked by transparency rank

LA Rk

Gl Rk

Country

Score

Ch

1

21

Uruguay

71

2

25

Chile

67

3

42

Costa Rica

57

1

4

63

Cuba

47

-1

5

78

Argentina

42

-3

6

92

Ecuador

39

1

6

92

Colombia

39

2

8

94

Peru

38

2

8

94

Brazil

38

3

10

104

El Salvador

36

2

11

111

Panama

35

-1

12

124

Bolivia

31

12

124

Mexico

31

2

14

137

Dom. Rep.

28

14

137

Paraguay

28

16

149

Guatemala

25

-1

17

157

Honduras

24

-2

18

159

Nicaragua

22

19

176

Venezuela

15

-1

Average

37.5

0.2

LA Rk=Latin America rank

Gl Rk=Global rank

Ch: Change in score from 2019 index

Sources: Transparency International, 2020 Corruption Perceptions Index;

Latinvex (LatAm rank, changes)

 

All in all Latin America saw a slight improvement in its average score compared with a year ago.

Uruguay remains the most transparency country, while Venezuela continues to be the laggard.


© Copyright Latinvex

 

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