Awards for Excellence 2008: Bolivia

In Bolivia, political tensions continue to run high as disputes over an east-west split in the country intensify. Despite this the banking sector has grown in the past 12 months, with both Banco Mercantil Santa Cruz and Banco Nacional de Bolivia showing the strongest growth rates and market shares in terms of loans. However, it is Banco de Crédito de Bolivia that claims the highest net income for the past year. As of March 2008, BCP’s net income was ranked in first place in the industry, showing a 29% increase over the same period in 2007.