Mexican Banks: Cost of Risk Trends in Focus
The Mexican economic outlook is challenged by the Coronavirus, and with it the weaker oil price and the hit to the domestic tourism...
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Mexican Banks: Data Trends and Thoughts on 2020 Outlook
We see the Mexican bank system figures, and those of individual banks, at year end 2019, as sub-optimal In essence, loan growth is soft and may...
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GFNorte: 2020 Guidance - Cost of Risk & Other Factors Challenge the ROE Target
The stock is trending higher, but we see that there are risks to management's guidance at Grupo Financiero Banorte-O (GFNORTEO MM) especially on...
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OTP Bank: Cracks in the Lustre of Popularity
At Creative Portfolios, we do not like overcrowded trades. Regarding EM banks, there are a number of popular choices. As Steven Holden shows us,...
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Mexican Banks Data November 2019; Better than October, but the Soft Macro Drives Our Cautious Stance
Mexican banking trends to November show steady if uninspiring loan growth, with flattish loan spreads, and a controlled delinquency rate Given the...
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