The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Latin American banks work hard to keep up with demand

Growth in Latin American high-net-worth assets continues to outstrip that of other countries as the local economies boom. Helen Avery asks the region’s top-ranking private banks how they have been reacting to burgeoning demand.

Private banking 2008: When the ultra-wealthy bump into the sub-prime  

More information on the Private banking survey

IT HAS BEEN a bumper year for private banks in Latin America. According to the Euromoney 2008 private banking poll, net incomes for private banks increased in Brazil by 29.3%, in Mexico 19.5%, in Argentina 18% and in Chile 11%. The four countries remain the largest markets for wealth managers in the region, and the battle between the domestic and global private banks there is increasing. The good news is that Latin America’s wealth is growing at a rate that should allow room for all banks over the next few years. High-net-worth wealth in Latin America is expected to grow at an annual rate of 7.2%

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree