Brazil's five biggest banks maintained their positions as the largest lenders by assets in Latin America and the Caribbean, with one Chilean major making its way into the top ten, in part due to the Chilean peso's strong appreciation against the U.S. dollar through 2020.
Brazil's Itaú Unibanco Holding SA, Banco do Brasil SA, Banco Bradesco SA, Caixa Econômica Federal and Banco Santander (Brasil) SA, Mexico's Grupo Financiero BBVA Bancomer SA de CV and Colombia's Grupo Aval Acciones y Valores SA all retained the top seven spots on the latest edition of S&P Global Market Intelligence's regional bank rankings.