The Global Finance magazine has published the list of Best Banks in Latin America for 2011. The winners were selected based on factors such as growth in assets, profitability, strategic relationships, customer service, competitive pricing, innovative products, etc.
The World’s Best Emerging Market Banks in Latin America 2011
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Source: Global Finance
Canadian banking group Bank of NovoScotia’s(BNS) subsidiaries are the winners in five Latin American countries including Costa Rica. Chile’s Banco Santander Chile (SAN) currently has a 3.17% dividend yield. The Bank proposes to payout 60% of its 2010 earnings as dividends to shareholders. Some of the notable winners of large Latin American economies include Itau-Unibanco(ITUB) of Brazil, Banamex of Mexico and Banco Santander Rio of Aregentina. Banamex is the Mexican unit of Citigroup(C).
