Latin American Awards for Excellence 2013: By country
|Regional Awards for Excellence 2013: Latin America|
|Latin American winners by country
Best Bank: Banco Santander Río
Following Santander Mexico’s IPO in 2012, the Spanish bank’s Argentine subsidiary is the next Latin American asset in line to tap the capital markets. There might be a long wait, however, as Banco Santander Río’s operating environment is far from conducive to the sort of market valuation that Santander will want to get for its excellent bank.
Argentina’s GDP growth fell sharply in 2012, reaching an estimated 2.6%, following much stronger growth in 2011 (8.9%) and 2010 (9.2%). The government’s unorthodox economic policy and interventionist approach is having an effect on inflation, growth and the president’s popularity, but no deviation from the established economic approach appears forthcoming.