Banking system concentration in Latin America 2021, by country

Trinidad and Tobago had the most concentrated banking sector in Latin America in 2021. There, 92.6 percent of all bank assets were held by the largest three banks in the country. The bank concentration was similarly high in Belize and Haiti. In Mexico, Panama, Bolivia, and Paraguay, on the other hand, the share of bank assets held by the largest three banks in each country was below 50 percent.