In 2021, Venezuela's banking sector had the highest cost to income ratio in Latin America, with a ratio of 77.95 percent. Venezuela was followed by Bolivia, with a ratio of 71 percent. Chile's banking sector had the lowest cost to income ratio, at 45.21 percent. The cost to income ratio shows a bank's costs as a proportion of its income: The lower the ratio, the more profitable and competitive the bank is.
Cost-income ratio of banking sector in Latin America in 2021, by country
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theglobaleconomy.com. (March 21, 2023). Cost-income ratio of banking sector in Latin America in 2021, by country [Graph]. In Statista. Retrieved October 04, 2024, from https://www.statista.com/statistics/1373779/latin-america-cost-income-banking-sector/
theglobaleconomy.com. "Cost-income ratio of banking sector in Latin America in 2021, by country." Chart. March 21, 2023. Statista. Accessed October 04, 2024. https://www.statista.com/statistics/1373779/latin-america-cost-income-banking-sector/
theglobaleconomy.com. (2023). Cost-income ratio of banking sector in Latin America in 2021, by country. Statista. Statista Inc.. Accessed: October 04, 2024. https://www.statista.com/statistics/1373779/latin-america-cost-income-banking-sector/
theglobaleconomy.com. "Cost-income Ratio of Banking Sector in Latin America in 2021, by Country." Statista, Statista Inc., 21 Mar 2023, https://www.statista.com/statistics/1373779/latin-america-cost-income-banking-sector/
theglobaleconomy.com, Cost-income ratio of banking sector in Latin America in 2021, by country Statista, https://www.statista.com/statistics/1373779/latin-america-cost-income-banking-sector/ (last visited October 04, 2024)
Cost-income ratio of banking sector in Latin America in 2021, by country [Graph], theglobaleconomy.com, March 21, 2023. [Online]. Available: https://www.statista.com/statistics/1373779/latin-america-cost-income-banking-sector/