MEXICO BONDS: Game change

MEXICO BONDS: Game change

Mexico Loans Bonds

Mexican financial institutions are set to increase their activity in the capital markets. Due to reforms passed in 2014, Mexican government-owned banks and agencies have been mandated to provide a combined 1 trillion pesos ($53.7 billion) of financing to the private sector through 2018. “[State banks’] previous mandate was to protect capital, but now the mandate has changed substantially and we are seeing these banks using capital to promote financial intermediation We are now seeing an awakening of their activities,” says David Olivares, a senior creditofficer at Moody’s in Mexico City. “Mexico’s banking system currently has a relatively low penetration or deepening with total loans compris

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