Colombia

BEST BANK
Bancolombia

BEST DEBT HOUSE
Citigroup

BEST M&A HOUSE
JPMorgan

Bancolombia came into its own in 2004, posting $241 million in profits, or a return on equity of 30%. Its return on assets of 3.57% is also best in class. The Colombian banking market is ripe for consolidation, however, and a combination of Banco de Bogotá with Banco de Occidente could be formidable.

Indeed, the banking consolidation did get a small boost in March this year, when Lloyds TSB sold its Colombian operations to Panama’s Banistmo.