New Market Research Report: Argentina Commercial Banking Report Q2 2011

May 2, 2011 - PRLog -- As with much of the rest of the Argentine economy, the banking sector remains characterised by untapped  potential, with the country's recent history of macroeconomic instability and unorthodox economic  policymaking continuing to undermine confidence in the industry. Despite surging growth in 2010, when  Q3 real GDP growth came in at an impressive 8.6% year-on-year (y-o-y), and a solid growth outlook for  2011, the industry's prospects over the medium term are stunted by a combination of rampant inflation,  government interference and persistent consumer wariness towards an industry still tainted by memories  of the financial collapse in 2001. As such, while we maintain our long-held view that the potential for  commercial banking growth is massive, for the time being the sector will continue to lag behind its  regional peers.      Lagging Behind Its Rivals  Argentina's banking sector woes are exemplified by a comparison with Brazil, its neighbour and the only  economy in South America that is larger. At first glance, the trajectory of client loan growth, which is a  crucial indicator of banking sector expansion, would appear similar, with loan growth in both countries  surging towards 25% y-o-y level in September 2010 as the industry rebounded from the crisis of 2009 and  domestic demand increased at record levels.    However, factor in the impact of inflation and the picture becomes very different, with Argentine banks  having little incentive to lend at anything below commercially prohibitive interest rates (see our online  service, September 22 2010, 'Inflation Curbs Growth Potential'). Although inflation in Brazil has been  rising steadily since early 2010, generally prudent macroeconomic management implies that the days of  hyperinflation have been consigned to history, keeping real loan growth at the 20% y-o-y level in  September 2010. But in Argentina, unofficial inflation estimates of 28.9% y-o-y in November, compared  with the much more conservative 11.0% y-o-y figure published by the official statistics agency INDEC,  mean that real credit growth is still in negative territory. With lower credit growth already translating into  stagnant net interest income growth, banks will continue to struggle to prop up their profits over the  medium term.

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Report Table of Contents:

Executive Summary
- Table: Levels (ARSbn)
- Table: Levels (US$bn)
- Table: Levels At January 2011
- Table: Annual Growth Rate Projections 2011-2015 (%)
- Table: Ranking Out Of 59 Countries Reviewed In 2011
- Table: Projected Levels (ARSbn)
- Table: Projected Levels (US$bn)
SWOT Analysis
- Argentina Commercial Banking SWOT
- Argentina Political SWOT
- Argentina Economic SWOT
- Argentina Business Environment SWOT
Business Environment Outlook
- Commercial Banking Business Environment Ratings
- Table: Argentina's Commercial Banking Business Environment Rating
- Commercial Banking Business Environment Rating Methodology
- Table: Latin America Commercial Banking Business Environment Ratings
Global Commercial Banking Outlook
- Regional Outlooks
- Mergers And Acquisitions Outlook For Banks
Latin America Banking Sector Outlook
- Table: Banks' Bond Portfolios, 2009
- Table: Latin America Commercial Banking Business Environment Ratings
- Table: Comparison Of Loan/Deposit, Loan/Asset And Loan/GDP Ratios
- Table: Anticipated Developments In 2011
- Table: Comparison Of Total Assets, Client Loans And Client Deposits, 2009-2010 (US$bn)
- Table: Comparison Of Per Capita Deposits, 2010e (US$)
- Table: Interbank Rates And Bond Yields, 2010-2011
Argentina Banking Sector Outlook
Economic Outlook
- Table: Argentina Economic Activity, 2008-2015
Competitive Landscape
- Market Structure
- Protagonists
- Table: Protagonists In Argentina's Commercial Banking Sector
- Definition Of The Commercial Banking Universe
- List Of Banks
- Table: Banks Ranked By ABA
Company Profiles
- Banco de la Nacion Argentina
- Table: Key Statistics For BNA, 2009 (ARSbn)
- BBVA Banco Frances
- Table: Stock Market Indicators
- Table: Balance Sheet (ARSmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
- Banco Provincia
- Table: Key Statistics For Banco Provincia, 2007-2008 (ARSbn)
- Banco Galicia
- Table: Stock Market Indicators
- Table: Balance Sheet (ARSmn, unless stated)
- Table: Balance Sheet (US$mn, unles stated)
- Table: Key Ratios (%)
- Banco Macro
- Table: Stock Market Indicators
- Table: Balance Sheet (ARSmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
- HSBC Argentina
- Table: Key Statistics For HSBC Argentina, 2007-2008 (ARSbn)
- Banco Credicoop
- Table: Key Statistics For Banco Credicoop, 2007-2008 (ARSbn)
- Santander Rio
- Table: Stock Market Indicators
- Table: Balance Sheet (ARSmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
BMI Banking Sector Methodology
- Commercial Bank Business Environment Rating
- Table: Commercial Banking Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.