CitiBanamex – Potential Bidders Get Serious, We Stay Cautious on Banorte
Banorte and Santander hire M&A advisors for their Banamex bids, Inbursa is a likely candidate; Banorte remains the favourite, we believe, and so we...
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Mexican Banks’ Cost of Risk Assumptions: Banorte Management in Denial?
The top five banks 1Q20 results, as disclosed by the bank regulator, CNBV, show a broad range on cost of risk assumptions In the more conservative...
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Boost Research
Low GDP Growth and an Emboldened AMLO; Bad News for Mexican Banks
We see AMLO's emboldened populist project as a clear threat to bank sector returns Loan growth is slowing, in part as a consequence of sluggish...
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Mexican Banks: Post-Election Assessment
We published an insight into Mexican banks in June prior to a huge rally in asset prices....
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Mexican Banks: Cock Your Sombrero-Angles Are Attitudes
Grupo Financiero Banorte-O (GFNORTEO MM), Banco Regional, and Grupo Fin Santander-B (SANMEXB MM) stand out in LATAM.They represent a relatively low...
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