Mexico winds down Banco Bicentenario

Mexico winds down Banco Bicentenario


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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial