Banking: The week in 10 stories
BRAZIL
Brazilian banking giant Itaú Unibanco posted a net profit rise of 3.4% year-on-year in the second quarter on the back of stronger lending and lower loan loss provisions.
Small Brazilian lender Banco ABC Brasil saw second quarter profits advance 44.2% to 112mn reais (US$29.8mn) on the back of much lower provisions for loan losses.
ARGENTINA
The country's biggest consumer loan fintech, Wenance, is expanding, the company's CEO, Alejandro Muszak, told local media outlet Ámbito.
MEXICO
An average of 30% of the revenue in Mexico's banking system comes from commissions, a higher rate than in the US, Spain and Canada.
COLOMBIA-CHILE
Itaú CorpBanca's Colombian unit has climbed out of the red after posting losses in the country over the past few years.
Colombian banks build digital muscles with a little help from their friends.
CHILE
Chile's banking watchdog Sbif has ordered local lenders to provide details of their plans to modernize their payment cards and ATMs.
PERU
The country has updated rules governing a special type of savings account that lenders were first authorized to offer in 2011.
Following in the footsteps of several other Latin America countries to demand more ownership transparency from companies, Peru has tightened rules regarding beneficial ownership.
PUERTO RICO
Popular Auto, the auto finance unit of Banco Popular de Puerto Rico, completed the acquisition of assets of Wells Fargo's Reliable auto finance business.
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News in: Political Risk & Macro (Chile)
Chile urged to update regulations to reap benefits from infra investments
Infrastructure spending was key to the country’s economic success in the 1990s, but new rules are needed to make investment more dynamic, a former ...
Future of Dominga mining-port project in Chile depends on new political committee
Uncertainty remains about the future of the US$2.5bn mining-port project Dominga. Now its development depends on the decision of a board of ministe...
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Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
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1 day ago
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Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Ascenty Chile SpA (Ascenty Chile)
- Company: Planta Solar La Pampina SpA (Planta Solar La Pampina)
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The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: Ventus Colombia
- Company: Proyecto Especial de Irrigación e Hidroenergético del Alto Piura (PEIHAP)
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Peihap is a Peruvian agency of the Piura regional government in charge of developing the Alto Piura multipurpose hydro project. It consists of building the Sur dam and trans-And...
- Company: Luz del Sur S.A.A. (Luz del Sur)
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Luz del Sur, formerly Edelsur, is a Peruvian company created in 1996, which generates, transmits and distributes electrical energy in the southeast area of Lima. It has a conces...
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