Bank pre-tax ROE rose 41.2% yoy to 22.1% in Uruguay in 1Q2024, according to the National Central Bank. This is 2.66% less than in the previous quarter.
Historically, bank pre-tax ROE in Uruguay reached an all time high of 22.7% in 4Q2023 and an all time low of 2.73% in 4Q2016. When compared to Uruguay's main peers, bank pre-tax ROE in Argentina amounted to 22.0%, 14.3% in Brazil, 11.4% in Chile and 17.6% in Paraguay in 1Q2024.
Uruguay has been ranked 11th within the group of 86 countries we follow in terms of bank pre-tax ROE, 11 places below the position seen 10 years ago.
| Bank Pre-Tax Return on Equity (Pre-Tax ROE) | Unit | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| Argentina | % | 11.4% | 11.9% | 16.8% | 16.6% | 26.9% | ||||||||||||||||
| Bolivia | % | 8.23% | 5.53% | 6.50% | ... | ... | ... | ... | ||||||||||||||
| Brazil | % | 15.3% | 12.3% | 13.1% | 13.3% | 13.7% | ||||||||||||||||
| Chile | % | 21.0% | 15.5% | 17.0% | 15.3% | 15.4% | ... | |||||||||||||||
| Paraguay | % | 14.5% | 15.0% | 15.6% | 16.6% | 17.2% | ||||||||||||||||
| Peru | % | 16.5% | 16.2% | 15.5% | 14.5% | 13.0% | ... | ... | ||||||||||||||
| Uruguay | % | ... | ... | ... | ... | 11.6% | 15.6% | 19.3% | 20.3% | 22.7% | ... | |||||||||||
| Venezuela | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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