Awards for excellence – Latin America

BEST BANK
Citigroup

BEST DEBT HOUSE
Citigroup

BEST M&A HOUSE
JPMorgan

BEST EQUITY HOUSE
UBS

BEST AT RISK MANAGEMENT
Deutsche Bank

BEST AT TREASURY SERVICES
Santander

BEST AT CASH MANAGEMENT
Citigroup

BEST AT PROJECT FINANCE
BBVA

The past year has been generally excellent for banks in Latin America. Utopia, for any bank, is a region with strong growth and high interest rates – and that’s exactly what Latin America was in 2004. Region-wide growth reached a stunning 5.7% in 2004, the highest level in 24 years, even as high interest rates and lending spreads kept banking operations hugely profitable.