Awards for Excellence 2008: Argentina

To hold the number one position in terms of total loans to the private sector, deposits, mutual funds, mortgage loans, credit card loans and net fee income in a market shows that the bank in question is clearly doing something right. Banco Santander Río, the biggest banking franchise in Argentina, not only holds the top spot in several market segments, it can also boast a 40% increase in profits this year. New clients and managed margins increased profits to $290 million. In terms of organic growth, Santander Río has grown impressively compared with its competitors, with middle-market clients increasing 116.3% in three years.