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Developing Economies

For developing economies, the financial system plays a fundamental role. Economies can not sustain a long-term solid growth without a strong financial system. This has been shown finishing in Latin America where the financial system (particularly the banking sector), not only accompanied the periods of economic growth in the region, but has often been the cause of the crisis. In this new era for Latin America, the banking sector has shown significant progress, noting strong growth and limited risk, which enabled him to be oblivious to the problems of the international financial crisis. But despite the significant progress achieved, the Latin American banking sector has long way to go to reach maturity and become a pillar in the strength of the economies of the region. In the case of Brazil, the banking sector has been in the news a few months ago with the merger of two giants such as Banco Itau (BVSP: ITAU3; NYSE: ITU) and Unibanco (BVSP: UBBR3 NYSE: UBB). At that time, in an article I wrote about the topic What is behind the movements in the Brazilian banking sector?, He felt that this was part of a series of transformations that would occur in the Brazilian banking sector. In fact, before the merger the chairman of Banco Santander (BVSP: SANB3; NYSE: STD), Emilio Botin, had expressed the intention of your organization to be the number one private bank in Brazil. The fusion reaction had generated a Bank of Brazil (BVSP: BBAS3) and Bradesco (BVSP: BBDC3 NYSE: BBD), which came on the market to acquire other entities for new positions.

Euro, British Pound Confronted With The Global Picture

The split stabilization of vital importance to the development of European trade as global, in the case of both the Euro and the Pound, is one of the topics in greater foothold in the financial landscape has large-scale in expectation of many people and organizations. Aware of the week began on February 14, has not yet established a priority order gains in transcendental activities of each of those named, because there has been a general consensus to establish how both can out of this situation. Cambioeurolibra.com The website has been able to establish a complete information about the movement itself have shown that the two currencies with respect to updates and formalities of various banks, which have delivered a number of interesting reports that it has not ceased since the boom of the Euro went through its most solid. Now, visiting this website, you can instantly realize how the Euro has managed to reach a balance point, however, has been constantly threatened by global circumstances of the most influential markets in the continent. Likewise, with reference to the pound sterling, an analysis of each of the impact that this has been consolidated as its reputation within the financial picture has reached, perhaps, one of the most critical levels in its history but the most unstable. Known strength in global banking, the socialization of the pound has gone through a period of relative calm in which the Euro has taken this advantage to be seen in emerging markets, and in this way the information cambioeurolibra.com respect are set.

Learning from the bags is thus an essential topic within the methodology of foreign exchange, and therefore the collaboration of some columnists, bloggers is fundamental to the understanding of this bidirectionality between the Euro and the Pound, so you can be in cambioeurolibra. com a solid information that will well informed about (a) to (the) more neophyte (a) the financial issue. Of course, the information should not be missed projections that involve tight time and trends in the daily movement of two currencies, which have shown a flurry of activity, if you call it, because his participation in the international market has suffered one of the most delicate changes in its history.

Growing Banks In Colombia

May 21 2009A I think one more example of the level of maturity that is reaching the Colombian economy is what is happening in your banking system which makes it not matter to the crisis and continues to grow strongly focusing their eyes on the medium and long term. A wrong way of the world, Colombia’s banking sector continues to grow and generate profits for its economy. And for himself as well, which was faithfully reflected in the 20.9% increase in profits in the sector during the month of March. When I found the story in Money I wondered what the implications could be increased not only banking on businesses and individuals, but in the whole Colombian economy. This is exactly what I comment on this article.

The last months of 2008 and 2009, leading travel months have not been positive for Latin American economies in general and for the Colombian economy in particular. In spite of this, the Association of Banks and Financial Institutions of Colombia, reported that in the past year, 689. Colombians over age 929 and 100. 000 companies are unbanked. With this result, more than half of the adult population is unbanked and when in 2002 this percentage reached 39% of this population. Already, 15.8 million Colombians unbanked. The banking business is having a great time in Colombia, but still has a long way to go and become a mainstay of growth and development of the economy. Yet the depth of banking inter-mediation in Colombia is low.