Our credit view of this issuer reflects its ample capitalization, constrained by its limited measures in Mexico that could result in lower risk consumer financing.
Our credit view of this issuer reflects its ample capitalization, against its slow economic growth and limited reforms that could lower operating and credit costs in Mexico.
Our credit view of this issuer reflects its ample capitalization, against its slow economic growth and limited reforms that could lower operating and credit costs in Mexico.
Our credit view of Banorte reflects the benefits to its asset quality from disciplined risk management, balanced against its higher funding costs than those of its large bank peers.
Deeper core funding mix and robust risk management have proven resilient during the tightening cycle, as Banorte drops out of its pursuit of Citibanamex.
Net income increases in line with higher interest rates and a contraction in operating expenses. Stable asset quality resulted in lower provisioning expenses.
Our credit view of Banorte reflects the benefits to its asset quality from disciplined risk management, balanced against its higher funding costs than those of its large bank peers.
Our credit view of this issuer reflects its asset quality which benefits from a disciplined risk management, against a weak economic recovery in Mexico.
Net income increases in line with higher interest rates and a contraction in operating expenses. Stable asset quality resulted in lower provisioning expenses.
Our credit view of Banco Mercantil del Norte, reflecting its strong capitalization and improved earnings generation capacity, constrained by the economic conditions in Mexico.