Awards for Excellence 2020
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Latin America’s best bank this year is BBVA. The Spanish-headquartered bank has long been vulnerable to competitors’ claims that it was more a federation than an integrated network of subsidiaries, but the bank’s most recent performance shows that the management – overseen by Jorge Sáenz-Azcúnaga, head of country monitoring at BBVA – has addressed this weakness.
The net attributable profit of its operations in south America increased to €721 million in 2019, representing growth of 64% (excluding the bank’s Chilean operations that were sold last year from the annual comparison).
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