Mexican Banks seen Pulling in Record Profits

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006114-mexican-banks-seen-pulling-in-record-prof/

By Monica Medel, Reuters

Mexico’s banks, mostly owned by foreigners, are heading toward record profits this year as they increase lending to consumers and charge more fees, and analysts say 2006 could be just as lucrative.

Most of Mexico’s banks increased their earnings by at least double digits in the third quarter over the year-ago period, and at the same time have held past-due loans to a historic low of 2.4 percent, according to a recent Banamex report.

For this complete story, please visit Mexican Banks seen Pulling in Record Profits.

Mexican Banks seen Pulling in Record Profits

Unknown Author

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