Mexico winds down Banco Bicentenario

Mexico winds down Banco Bicentenario

Bonds

Mexico’s banking regulator, the CNBV, has revoked the banking license of Banco Bicentenario, a small retail lender, after its capital ratio fell to 2.98% of risk weighted assets. The lender had assets of MXN1.02bn ($78m), equating to less than 0.02% of the country’s banking system. Its capital ratio had fallen from 9.99% in May, when it entered level two of the regulator’s early warning system and was subject to extra regulatory supervision. Mexico’s deposit guarantee agency, IPAB, covers retail

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