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Venezuela leads asset growth charge

Venezuela leads asset growth charge

Posted by Dubraswka Aguilar on July 23, 2014

Venezuela tops the list of countries for asset growth, driven by very high inflation. Bulgaria has the second highest asset growth rates, and yet asset quality is deteriorating sharply in the country. Azerbaijan, which we flagged as another country with a rather heated banking sector last year, has the third highest asset growth in the world.

Greece is among the top 10 countries for asset growth in this year’s ranking, although this is partly due to the two largest banks, Piraeus and Alpha, consolidating assets acquired from smaller players that were outside the Top 1000. Asset growth in Ukraine was also among the top 10 highest in the world, with both private and state-owned banks contributing.

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