Big bank watch.Net income as of June 30, 2003 [GRAPHIC OMITTED] Dear Shareholder ... * Bancolombia Net income at Colombia's largest bank jumped more than 180% during the third quarter to US$43.4 million on increased revenues resulting from higher interest rates. The bank says it will open its first U.S. branch in Miami. * Banco Itau Banco Itau showed net income gains of 41% during the quarter, to US$270 million. The Brazilian bank, the No. 2 private financial institution in the country, has finished its merger with Brazil's BBA BBA abbr. Bachelor of Business Administration Creditanstalt, creating the largest wholesale bank in the country. * Banco de 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 took a US$17.4 million hit in the third quarter, partly due to currency exchange losses. Argentina's Central Bank has agreed to stabilize stabilize See peg. the country's banks as part of its $12.5 billion deal with the International Monetary Fund. |
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