Latin America Banking Sector Report 2023-2024

The leading economies in Latin America performed better than expected during the first semester of 2022. Employment recovered and sectors highly affected during the pandemic continued to be dynamic. However, in the second semester, the economy showed signs of deceleration, which is likely to continue in 2023. This reflects in great part the depletion of the economic rebound effect in 2021, the effects of a restrictive monetary policy, limitations on fiscal spending and deterioration of the external economic context. Inflation, as in the rest of the world, has been a major concern for Latin America. Rising prices hit historic highs due to disruptions caused by the pandemic and the war in Ukraine, which led to significant changes in supply chains, affecting prices of goods and services. In particular, the dynamics of fuel prices on the international markets, as well as strong agricultural and mineral commodities prices, have played a central role in the evolution of inflation. Therefore, the actions of monetary authorities have been conditioned to this variable and have consequently tightened their monetary policy rates. Central Banks have also faced financial volatility challenges as a result of changes in monetary policy stance in developed economies, the consequent tightening of international financial conditions, the depreciation of local currencies and capital outflows. The year 2023 looks set to be challenging for the region and, according to the International Monetary Fund (IMF), the economy will grow by less than 2% y/y due to higher interest rates and lower commodity prices.

This report provides a complete and detailed analysis of the "Banking" sector for South America. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking" sector in South America
• Crystallise the forces both driving and restraining this sector in South America
• Ascertain South America’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in South America.
• Build a clear picture of trends, output and consumption for specific sub-sectors