Regional Awards for Excellence 2014: Central America and Caribbean

Trade and financial flows within central America and the Caribbean have been growing strongly in recent years and the bank that is best placed to take advantage of this regional trend is BAC International Bank. The bank has operations in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Mexico. As of December 2013 the bank had $14.2 billion in assets, a loan portfolio worth $9.2 billion, $9.4 billion in deposits and $1.4 billion in shareholder equity. Since 1985, when the bank first expanded out of its home market of Nicaragua with an acquisition in Costa Rica, it has grown by a compound annual growth rate of 17.8%. In 2013 the bank’s net income was $298 million, up 12% from the previous year. The bank is the most diversified financial institution in the region and delivers strong performance: return on equity is 22% and return on assets is 2.7%.