BIG BANK WATCH.
BIG BANK WATCH
% CHANGE IIQ98/IIQ99
NET INCOME US$ MILL.
BANCO SANTANDER CENTRAL HISPANO (LATAM) 158.7 204.2
BANCO BILBAO VIZCAYA (LATAM) 122.1 -6.4
BANCOMER (MEXICO) 55.0 217.3
BANCO GALICIA Y BUENOS AIRES (ARGENTINA) 50.9 78.6
BANAMEX (MEXICO) 181.3 27.3
BANCO SANTANDER CHILE (CHILE) 27.6 20.0
BANCO RIO DE LA PLATA (ARGENTINA) 33.3 4.4
BANCO ITAU (BRAZIL) 188.2 4.4
BANCO SANTIAGO (CHILE) 21.6 -39.7
BANCO BRADESCO (BRAZIL) 114.8 -41.7
BANCO PROVINCIAL (VENEZUELA) 33.2 -44.6
BANCO DE CREDITO (PERU) 1.7 -92.1
BANCOLOMBIA (COLOMBIA) [*] 18.8 -741.6
(*.)% change for IQ99/IIQ99, since IIQ98 results of operations did not
reflect the merger between BIC and Banco de Colombia, therefore are not
directly comparable.
Sources: Company reports, LATIN TRADE
DEAR SHAREHOLDER... [up arrow] BANCOMER Mexico's Bancomer tops LATIN TRADE'S Big Bank Watch again with back-to-back quarters that beat the pack. However, the bank's second quarter statement heavily stresses its "year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. " numbers--that's because profits have fallen by a third from the first quarter. Despite the slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. , the bank managed to charge customers a fifth more in fees from a year ago. [up arrow] BANCO BANCO. A commercial term, adopted from the Italian, used to distinguish bank money from the common currency; as $1000, GALICIA Y BUENOS AIRES Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. The Argentine Argentine having some relationship with the country Argentina. Argentine tick margaropuswinthemi. Argentine tortoise geochelonechilensis. bank earned a one-time jackpot by selling its stake in the Consolidar Group, a pension fund and insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. . However, much of those funds were plowed plow also plough n. 1. A farm implement consisting of a heavy blade at the end of a beam, usually hitched to a draft team or motor vehicle and used for breaking up soil and cutting furrows in preparation for sowing. 2. into loan loss provisions, reflecting worries about the future. Otherwise, margins and income grew faster than expenses. [down arrow] BANCOLOMBIA "Results throughout the Colombian financial system have not been as expected..." The message: Hey, don't blame us. Falling interest rates plus few new loans tanked results at Bancolombia and the rest of the system. The bank also ate another $5 million from a merger last year with Banco Industrial Colombiano.3 |
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