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Article: Americas: Top 100 Latin American Banks - Brazil Shows Its Strengths - Brazil's Banks Dominate The Listing With Their Healthy Assets And profitability, And Mexico Also Does Well.
- Article from:
- The Banker
- Article date:
- October 1, 2007
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The robust health of the Brazilian economy has contributed to the continued dominance of Brazilian banks in our listing of the Top 100 Banks in Latin America, with 26 banks that between them account for the following shares in the aggregate figures: Tier 1 capital 53.8%, assets 54.5%, and pre-tax profits 52.3%.
As reported in July's The Banker, lending in Brazil, particularly consumer credit, has taken off despite high costs, and the mortgage market is, as yet, largely untapped. A downward movement in interest rates, especially to single digits, is likely to trigger a surge in this sector that will further add to banking sector assets and profitability.
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Article: ABN AMRO Bank Acquires Strategic Position In Italy.
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... ... BUSINESS WIRE)--March 5, 1999-- -- ABN AMRO to buy 8.75 % stake in Banca di Roma for approx. EUR 660 million -- ABN AMRO to join core shareholder group of Banca di Roma -- Access for ABN AMRO to Italian market through over 1,300 branches ...
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