Strong capitalization, promising reforms and low penetration rates are poised to lead to Mexican banking sector growth.
February 5, 2014
By Robert Stowe England
As Mexico's start rises, so does the star of its banking sector.
Banks are ready, willing and able to play a larger role in the economy's overall growth, according to Alfredo Calvo, primary credit analyst with Standard & Poor's in Mexico City. S&P expects bank lending to grow by 13 percent this year, up from 11.5 percent in 2013. The Mexican economy, which slowed to a sluggish 1.2 percent growth pace last year is likely to expand by 3 percent in 2014, S&P forecasts.
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