Banamex provisions MXN2.2bn for Oceanografia loans

Banamex provisions MXN2.2bn for Oceanografia loans

Bonds

Mexican lender Banamex set aside MXN2.15bn ($165m) in reserves in the first quarter, to offset losses on loans and accounts receivable financings with Oceanografia, it said. Citigroup’s Mexican subsidiary said in February that it had uncovered allege

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