Mexico’s banking system has become one of the world’s most solid in the last few years, rivalling countries like Canada, France, Sweden and Italy. In Latin America, the Mexican banking system shows the same strength as Chile’s, both stronger than Brazil. These are the findings of Fitch’s latest report on systemic risks in banking systems around the world. Mexico progressed from a grade C to a grade B, reflecting improvements in profitability, capitalization and asset quality.
Emerging Markets Editorial Team,
September 07, 2006