The financial sector in Latin America closed the first half of 2025 with solid profitability, reflecting the resilience of banks, finance companies and cooperatives across the region. This study, titled Financial Institutions in Latin America – Rankings & Benchmarks, analyzes the financial statements of more than 2,100 entities in 18 countries. It presents their net income both in local currency and in U.S. dollars, offering a regional view of earnings, market structures, and competitive concentration.
A total of 2,185 financial institutions were examined, of which 1,731 reported earnings, representing 79 percent of the total. The aggregate regional net income reached USD 46.159 million as of June 2025, confirming Latin America’s strong intermediate recovery cycle amid diverse local macroeconomic environments.
LATIN AMERICA FINANCIAL INSTITUTIONS PERFORMANCE REPORT
Benchmarks and KPIs
Country performance benchmarks expressed in millions of U.S. dollars show wide heterogeneity. Argentina recorded a benchmark value of 16.0 million USD, while Bolivia reached 2.5 million USD. Brazil posted 16.9 million USD and Chile 163.0 million USD. Colombia achieved 30.0 million USD, Costa Rica 8.0 million USD, and Ecuador 22.5 million USD. El Salvador reported 7.8 million USD and Guatemala 21.0 million USD. Honduras reached 9.8 million USD and Mexico 39.3 million USD. Nicaragua registered 10.8 million USD, Panama 23.0 million USD, and Paraguay 18.7 million USD. Peru stood at 44.3 million USD, the Dominican Republic at 15.9 million USD, Uruguay at 21.1 million USD, and Venezuela at 26.4 million USD. The regional LATAM benchmark amounted to 32.6 million USD.
Players reporting earnings
Earnings reporting levels also varied widely. Argentina presented 73 percent of entities reporting earnings, with 53 out of 73 players. Bolivia reached 76 percent, with 48 out of 63 institutions. Brazil, the region’s largest market, registered 1,067 reporting entities out of 1,401, or 76 percent. Chile showed full reporting with 17 out of 17 institutions. Colombia reached 75 percent, Costa Rica 95 percent, Ecuador 92 percent, and El Salvador 96 percent. Guatemala achieved 96 percent while Honduras reached 80 percent. Mexico reported 193 out of 234 players, equivalent to 82 percent. Nicaragua showed 89 percent, Panama 89 percent, and Paraguay 94 percent. Peru reached 91 percent, the Dominican Republic 95 percent, Uruguay 73 percent, and Venezuela 95 percent.
Key Players relevance
The relevance of the top five players in each country reveals the degree of market concentration in earnings. Comparing December 2024 with June 2025, Argentina reduced its concentration from 81.6 percent to 72.3 percent. Bolivia also declined from 66.6 to 63.2 percent, while Brazil moved from 53.2 to 51.0 percent. Chile slightly decreased from 77.2 to 75.5 percent. Colombia saw a notable normalization: from 101.7 percent, influenced by extraordinary items, to 77.0 percent in mid-2025. Costa Rica remained stable at 72.3 percent, while Ecuador increased from 72.1 to 75.4 percent. El Salvador rose sharply from 77.2 to 82.2 percent, and Guatemala grew from 84.8 to 85.4 percent. Honduras showed the largest jump, from 82.5 to 93.4 percent. Mexico decreased from 71.1 to 66.0 percent. Nicaragua increased significantly from 94.6 to 97.6 percent, while Panama dropped from 75.6 to 71.3 percent. Paraguay rose from 73.5 to 76.7 percent, Peru decreased from 85.9 to 81.9 percent, and the Dominican Republic increased from 86.3 to 86.9 percent. Uruguay fell from 89.7 to 79.0 percent, and Venezuela remained extremely high at around 95 percent. Regionally, LATAM concentration increased from 25.2 to 28.6 percent.
The report also identifies the institutions with the highest net income in each country for the first half of 2025. In Argentina, the strongest performers were Banco Santander Argentina, Banco de la Nación Argentina, Banco Macro, Banco de la Provincia de Buenos Aires, Banco Galicia and Banco Ciudad. Bolivia’s leaders were Banco BISA, Banco Solidario, Banco Nacional de Bolivia, Banco Unión, Banco FIE and Banco Económico.
Brazil’s largest performers included Itaú, Banco Nacional de Desenvolvimento Econômico e Social, Bradesco, Banco do Brasil, Caixa Econômica Federal and Santander. In Chile, results were led by Banco de Chile, Banco Santander Chile, Banco de Crédito e Inversiones, BancoEstado, Itaú Chile and Scotiabank Chile.
Colombia’s top earners were Bancolombia, Banco Davivienda, Banco de Bogotá, Corfi GNB Sudameris, Citibank and Banagrario. Costa Rica’s leading institutions included Banco BAC San José, Banco Nacional de Costa Rica, Banco de Costa Rica, Caja de ANDE, Banco Popular and Banco CMB.
In the Dominican Republic, top performers were Banco Popular Dominicano, Banco de Reservas, Banco BHD León, Banco Santa Cruz, The Bank of Nova Scotia and Asociación Popular de Ahorros y Préstamos. Ecuador’s strongest institutions were Corporación Financiera Nacional, Banco Pichincha, Banco del Pacífico, Banco Guayaquil, Banco de Desarrollo del Ecuador and Produbanco.
El Salvador’s leading entities were Banco Agrícola, Banco Cuscatlán, Banco de América Central, Banco Davivienda Salvadoreño, Federación de Cajas de Crédito y Bancos de los Trabajadores and Banco Hipotecario. Guatemala’s results were dominated by Banco de Desarrollo Rural, Banco Industrial, Banco G&T Continental, Banco de América Central, Banco de los Trabajadores and Banco Promerica.
In Honduras, Banco de Occidente, BAC Credomatic, Banpaís, Ficohsa, Bancatlán and Banco de Honduras stood out. Mexico’s strongest performers were BBVA México, Banorte, Santander, Banamex, Inbursa and Citi México.
Nicaragua’s top institutions were BAC, Banco Lafise Bancentro, Banpro, Banco Ficohsa, Avanz and Financiera FDL. Panama’s leaders included Banco General, Banco Nacional de Panamá, Banco Latinoamericano de Comercio Exterior, Bank of China, Banistmo and Global Bank.
Paraguay’s results were driven by Itaú, Continental, Banco Nacional de Fomento, Sudameris, GNB and Familiar. Peru’s strongest institutions were Banco de Crédito del Perú, BBVA Perú, Scotiabank Perú, Interbank, Mibanco and Citibank.
Uruguay’s top performers included Banco República, Banco Itaú Uruguay, Banco Santander Uruguay, BBVA Uruguay, Scotiabank Uruguay and OCA. Venezuela’s leading institutions were Banco de Venezuela, Banesco, Banco Provincial, Banco Nacional de Crédito, Mercantil Banco Universal and Banco Digital de los Trabajadores.
The first half of 2025 shows that financial institutions across Latin America continue to demonstrate significant concentration in several markets and strong contributions from regional leaders. This dataset provides a robust benchmark for evaluating competitive positioning, earnings strength and structural dynamics across the banking, financial and cooperative sectors.