Chilean banks holding well in 2009
Source: http://feedproxy.google.com/~r/FrontierMarkets/~3/XN_4PXkm3kc/Posted on Friday, February 6th, 2009 | In Frontier Markets
Contributed by: Jason G. Wulterkens (http://frontiermarkets.wordpress.com) -
The synchronized global recession continues to hammer the banking sector as a whole; however, certain Latin American banks, and Chilean-based ones in particular, are bucking the trend thus far in 2009. Of the five best performing foreign banks, YTD, South Korea’s Woori Finance is up 16.75%, followed by Argentina’s Banco Macro at 13.77%. Rounding out the list are Chile’s Corpbanca (5%), Banco de Chile (4.92%) and Banco Santander Chile (1%). On the flip side, the five worst performers are all UK and Irish based.
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 About Jason G. Wulterkens (http://frontiermarkets.wordpress.com)
Jason G. Wulterkens is a licensed attorney in the United States, who also has a degree in economics and a certificate in alternative dispute resolution (ADR). Anything and everything about the so-called “frontier” markets, including but not limited to their geopolitics and financial markets. Jason can be contacted at jgerritwulterkens@gmail.com. |
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