The 2009 performance numbers of foreign bank stocks traded in the US markets are listed below in three sections.
A. Foreign Bank ADRs
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The best foreign bank ADR was Banco Macro of Argentina with a return of 175%. The worst performer was Lloyds Bank of UK which lost 56%. Another British bank, Royal Bank of Scotland, also was a poor performer with a loss of 38%. Brazilian banks Itau Unibanco and Banco Bradesco more than doubled last year.
B. Canadian Inter-Listed Banks
Among the five Canadian banks, Bank of Montreal was the top performing stock with a return of 116%. Canada’s most profitable bank, Royal Bank of Canada, returned 86%. Overall all the Canadian bank stocks rebounded nicely in 2009.
C. Select Foreign Bank ADRs Traded on the OTC
Commerzbank of Germany was the worst performing stock in this group with a loss of 13%. Societe Generale of France beat BNP Paribas easily. All the three Australian banks - Westpac, National Australia Bank and Australia and New Zealand Banking Group - had great runs last year. Erste Bank received one of the most favorable bailouts from the Austrian government. DBS and United Overseas Bank of Singapore jumped over 50%.