Mexican Banks’ December Data Adds to Positive Trend on Credit Quality, but Lending Spread Eroding
Credit quality ends the year strong, with evidence of marginal spread erosion in December; we like mid-cap bank BanBajio and BBVA for BBVA Mexico;...
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Mexican Banks ROE Recovery Continues into June
June data shows Mexican banks' ROE is rising helped by falling cost of risk; capital is sound, NPLs are contained; BBVA Bancomer & Banorte employ...
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Mexican Banks Data for August Is Positive for Banorte (GFNORTEO MM)
August data for the Mexican bank sector adds conviction to our positive view on Banorte, in terms of credit quality, cost control and credit spreads
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Mexican Banks: Confronting the Credit Quality Challenge
Mexican banks have mostly increased provision charges, to bolster loan loss reserves and prepare for the worsening credit quality outlook The...
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Mexican Banks – April Data Sets the Scene for 2Q20
Mexican banks’ key data for April sets out the key challenges for 2Q20; cost of risk continues to worsen, with fee generation under pressure; near...
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