Latin American regional awards
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Best bank: BBVA Banco Provincial |
A change is taking place in Venezuela’s financial system. For years the award for best bank was easy to make: Banco Mercantil, the country’s largest. This year, however, there is a new winner: BBVA Banco Provincial – is the most profitable in Venezuela and in 2006 its net income grew by 43.4%. Other impressive statistics include a 52% growth in its loan portfolio, a 59% growth in its deposits and an improvement in its return on equity to 38.8%
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