CXC Report: Bank Relationships in Latin America

The new 21 page CXC Report: Bank Relationships in Latin America, provides a detailed look at how corporate treasury teams manage banking structures across the region.

Based on a highly detailed peer group discussion between senior corporate treasury practitioners, the Report sets out the practical realities of operating in markets characterised by regulatory variation, tax complexity and uneven international bank coverage. 

The report includes detailed perspectives on major international banks active in the region, including Citi, JPMorgan, Santander, BBVA, Scotiabank and Bank of America, as well as leading regional institutions such as Itaú, Bradesco, Bancoi de Chile, Banco de Bogota, Banco de Brasil and Banamex. Practitioners reflect on the relative strengths and weaknesses of these banks, considering factors such as geographic coverage, credit appetite, service levels, pricing, systems capability and long term commitment to the region.

The Report also addresses areas that regularly require judgement and trade offs and how they are made, including allocation of wallet share, management of credit lines, foreign exchange execution, documentation requirements and financial transaction taxes. Operational topics such as payroll banking arrangements, tax payment processes through designated local banks and multi bank systems connectivity are also examined.

For established treasury teams, the Report provides reference points against which to compare current structures, bank selection and allocation decisions. For companies expanding in Latin America, it outlines the practical considerations that influence bank selection.

You can read a the key findings of the report here: https://www.complexcountries.com/corporate-treasury-bank-relationships-i...