Mexican banks performed well last year with most in the ranking seeing double-digit pre-tax profit growth
Mooted tax raids on lenders and concerns over nearshoring top the agenda for local lenders
BBVA remains the country’s largest lender
The reforms improve access to capital markets for small and medium-sized companies and expand investment opportunities.
Watch our interviews from the Felaban event in Miami Beach, Florida.
Nearshoring is poised to revolutionise Mexico's trade landscape, potentially adding $168 billion to its non-oil exports in the next five years, reshaping the nation's place in the global market.
Of the 650 fintechs in operation in Mexico, just 46 operate under its 2018 fintech law. Industry experts lament its shortcomings.
Fintechs have long promised to transform financing for Mexico’s SMEs, but as large retailers and digital marketplaces come into the arena, it is the latter that could win the credit game.
Canada and economies across Asia have grown their share of US imports faster than Mexico in recent years. There are now signs of a turnaround.
All seven domestically owned Mexican banks in the main Top 1000 ranking saw a double-digit increase in their pre-tax profits.
Five Latin American countries are taking steps in the realm of open banking.
Inflation and the rate hikes are likely to dominate Mexico’s economic landscape this year, although foreign and domestic investment might address long-term challenges.
Solid capitalisation is a key strength but Mexican lenders may face slower credit demand this year.
Victoria Rodríguez Ceja, governor of the Mexican central bank since January, shares her views about inflation, monetary policy, financial inclusion and the banking sector in the country.
Mexico's banks have proved their resiliency, improving asset quality and profitability metrics.
Better profitability, efficiency and return on risk put Banco Inbursa ahead of its peers in 2020.
Demand for more flexible borrowing terms is putting pressure on international and local banks to be more accommodating in order to remain competitive.
In the first quarter of 2021, foreign fintech investment created 351 jobs, compared to 27 created in traditional financial services, according to fDi Markets.
Despite being flush with cash, Mexico’s banks have taken a conservative approach to lending during the pandemic.
The independent status granted to Mexico's central bank 25 years ago has been a key factor in the country's recent economic stability.