Argentina was a pariah of global investors up until last year due to many reasons including the nationalization of the country’s oil company YPF in May.However investors have become bullish on Argentina for the past year according to an article in FT beyondbrics. The benchmark Merval index has almost doubled this year. The following table …
The Top Five Banks in Argentina based on Tier 1 Capital at the end of last year are listed below: Click to enlarge Source: The Banker Banco Macro(BMA) and BBVA Banco Frances (BFR) trade on the U.S. markets and both are up over 29% and 27% respectively YTD. Banco Macro has suspended its dividends and has …
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The Argentine stock market is depressed this year. Argentina’s Merval index is down 8.89% year-to-date(YTD) while Brazil’s Bovespa is up 1.4%, Chile’s IPSA is flat and Mexico’s IPC index has shot up 13.1%. The difference in performance between the Merval and the three other indices is much higher over the past 5 years. The five-year …
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