The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Mexico: Bancomer does well in a crisis

HSBC loses ground; Banamex perplexes rivals

The financial crisis is shaking up Mexico’s banking sector, with the country’s biggest financial institutions experiencing mixed fortunes this year.

Arguably, the biggest winner has been BBVA Bancomer, which can now claim the top spot in Mexico. With a leading market share in most key areas, from deposits and loans to credit cards and mortgages, Bancomer has taken full advantage of opportunities.

"We feel that the image of Bancomer is more solid now than it was at the beginning of the crisis. We kept credit open for all sectors throughout the crisis"

Eduardo Avila, Bancomer

Eduardo Avila, Bancomer

"We feel that the image of Bancomer is more solid now than it was at the beginning of the crisis," says Eduardo Avila, chief financial officer at the firm. "We kept credit open for all sectors throughout the crisis – the big corporates, retail guys and government people recognized this." He adds: "We didn’t have any instructions from headquarters in Spain to be more cautious. Our risk platform was working well and we have had the liquidity and the capital to continue lending."

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree