2009 Performance Review: Foreign Bank Stocks

The 2009 performance numbers of foreign bank stocks traded in the US markets are listed below in three sections.

a. Foreign Bank ADRs


The best foreign bank ADR was Banco Macro of Argentina with a return of 175%. The worst performer was Llyods Bank of UK which lost 56%. Another British bank Royal Bank of  Scotland also was a poor performer with a loss of 38%. Brazilian banks Itau Unibanco and Banco Bradesco more than doubled last year.

b. Canadian Inter-Listed Banks


Among the five Canadian banks, Bank of Montreal was the top performing stock with a return of 116%. Canada’s most profitable bank Royal Bank of Canada returned 86%. Overall all the Canadian bank stocks rebounded nicely in 2009.

c. Select Foreign Bank ADRs Traded on the OTC


Commerzbank of Germany was the performing stock with a loss of 13%. Societe Generale of France beat BNP Paribas easily. All the three Australian banks – Westpac, National Australia Bank and Australia and New Zealand Banking Group – had great runs last year. Erste Bank received one of the most favorable bailouts from the Austrian government.DBS and United Overseas Bank of Singapore jumped over 50%.

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