Despite the negative implications for Latin America of the Mexican peso's devaluation, Bank of Boston Corp. has not given up the idea of selling part of its operations there to investors.

The bank's Latin American business, which contributes about 20% to its bottom line, expects loan growth of 20% next year, according to Thomas Theurkauf of Keefe, Bruyette & Woods Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.