Big bank watch.[GRAPHIC OMITTED] DEAR SHAREHOLDERS ... * Bradesco (Brazil) The Brazilan superbank ended 2005 with its highest net income ever and its stock soaring. It also lead the sector in profits in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. at USS USS abbr. 1. United States Senate 2. United States ship USS abbr (= United States Ship) → Namensteil von Schiffen der Kriegsmarine 2.35 billion. Demand for individual loans and other non-corporate products fueled growth, * Banamex (Mexico) In terms of percentage, Mexican behemoth behemoth (bē`hĭmŏth, bĭhē`–) [Heb.,=plural of beast], large, fanciful primeval monster, like Leviathan, evoking the hippopotamus mentioned in the Book of Job. Banamex, part of Citigroup, grew the most in Latin America in 2005.Total profits hit US$1.58 billion, ending the year only slightly behind Brazil's largest banks. Demand for mortages and consumer loans boosted business. * Banco Rio de la Plata La Plata (lä plä`tä), city (1991 pop. 640,344), capital of Buenos Aires prov., E central Argentina, 5 mi (8.1 km) inland from Ensenada, its port on the Río de la Plata. (Argentina) Despite Argentina's healthy economic recovery, Banco Rio lost US$299.3 million, with an enormous drop of 2,470% last year, despite being the leading private lender during 2005. |
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