Fitch: Seeking Growth, Mexican Banks Acquiring Loans

April 13, 2015 5:44 PM

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(The following statement was released by the rating agency) NEW YORK, April 13 (Fitch) Two recently announced acquisitions of retail loan portfolios by Mexican banks are notable steps toward achieving some business expansion amid the sluggishness facing the Mexican banking sector, says Fitch Ratings.

We believe the loan sales, by Mexican subsidiaries of foreign banks in both cases, could spur further interest of the country's domestic banks to seek other loan acquisitions. Recent announcements of new bank licenses and the possible entrance of some international banking players, attracted by the ...

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