Mexico Best Bank: Banorte

Mexico Best Bank: Banorte

Bonds Structured Finance Mexico Corporate & Sovereign Strategy

Mexico¹s banking sector is in good shape with the country¹s largest lenders largely isolated from global turmoil and well poised to capitalize on the economy¹s expected growth. Output is likely to get a boost in the coming years thanks to favorable global trends, with promised reforms from a new government possibly adding a further fillip. All of Mexico¹s big banks should benefit from the improving conditions. While not the system¹s largest by assets, Banorte has used its integration following the 2011 merger with Ixe Financial Group to gain ground on foreign-owned players. ³OECD discussions are about deleveraging, while the story in Mexico is about leveraging,² Banorte chief executive

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