Euromoney Market Leaders: Brazil’s banks keep busy in 2022

The lively sparring match between Banco Itaú BBA and Banco BTG Pactual says everything about the state of Brazil’s banking sector heading toward 2023. Even as global markets and domestic political uncertainty abounds, the nation’s biggest player and its most profitable are raising their investment banking games at an impressive clip.

Both Itaú and BTG lead the pack in the inaugural Euromoney Market Leaders rankings in the Latin American region, earning top status at a time of unprecedented dislocation across the region.

Latin America’s biggest economy and most populous nation has been heavily affected by a pandemic heading into its fourth year. Even so, officials at both firms led the charge to stay focused on business – and on winning key mandates. Covid-19 disruptions in 2021 didn’t stop the industry from completing a string of initial public offerings and M&A deals.

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