Monex sales remain strong despite drop in issuance

Latin America | Products

20 May 2020 by Lavanya Nair & Pablo Conde

Mexican financial institution Monex remained the most prolific issuer in Mexico for the first quarter of 2020 despite a 25.6% drop in product issuance during the same period of last year.

BBVA issuance remains steady despite rocky Q1

Latin America | Products

18 May 2020 by Lavanya Nair & Pablo Conde

The Mexican subsidiary of Spanish financial institution BBVA announced a 48.3% drop in its net income totaling MXN6.44 billion (US$270m) for the first quarter of 2020 from the same period a year prior.

Santander Brasil champions through Q1

Latin America | Products

14 May 2020 by Lavanya Nair & Pablo Conde

Banco Santander subsidiary Santander Brasil sailed through the first quarter of 2020 with a considerable growth in net interest income totalling BRL$12.65 billion (US$2.14 billion), a 12.1% jump YoY and a 0.4% increase from the fourth quarter of 2019.

XP Investimentos dominates in Brazil

Latin America | Products

13 May 2020 by Lavanya Nair & Pablo Conde

Brazilian financial services platform XP Inc. has reported net revenues of BRL1.7 billion (US$300m) for the first quarter of 2020, an 86% soar from its Q1 19 figure of R$934 million.

Brazil Market Review, Q1 2020: capital protection, long tenor safeguard investment portfolios

Latin America | Market Reviews

07 May 2020 by Martina Tsvetkova

One hundred and eight products with an estimate volume of BRL1.4 billion (US$269 million) were issued during the first quarter of 2020 in Brazil.

Mexico Market Review, March 2020: Issuance tumbles after last month’s record

Latin America | Market Reviews

30 Apr 2020 by Martina Tsvetkova

The Mexican structured retail products market reported a 15-month low in March with sales volumes dropping to MXN15.2 billion (US$637m) after having reached an all-time high of MXN105.4 billion in February.

Brazil: Santander issuance falls flat, Morgan Stanley speeds ahead

Latin America | Industry

31 Mar 2020 by Lavanya Nair & Pablo Conde

The first quarter of 2020 wraps up just as the Brazilian Central Bank slashes interest rates.. The move is an emergency measure that has already been made in other countries such as the US and UK in a response to the outbreak of the Covid-19 virus that has rattled financial markets across the world.

Mexico Market Review, February 2020: Monex reports 14% growth of accrued net revenues

Latin America | Market Reviews

31 Mar 2020 by Martina Tsvetkova

The Mexican structured retail products market saw 498 new instruments in February from six different providers and a combined sales volume of MXN86.5 billion (USD4.4 billion).

Brazil: XP Investimentos challenges Santander’s dominance

Latin America | Industry

18 Mar 2020 by Lavanya Nair & Pablo Conde

Brazilian financial services platform XP has reported a stellar fourth quarter with a Q4 19 net income reaching R$ 390m (US&75m) while its overall net income totalled R$ 1.09 billion, a 134% increase from the previous year.