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MEXICO Executive Summary
Underwritten by CASH AND TREASURY MANAGEMENT COUNTRY REPORT MEXICO Executive Summary Banking Mexico’s central bank, Banco de México (Banxico), is an independent body under the country’s constitution. It is responsible for monetary policy and is lender of last resort and provider of treasury services to the federal government. Banco de México shares responsibility for exchange rate policy and regulatory supervision of the finance sector with the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público). Mexico does not apply central bank reporting requirements or export controls. Resident entities are permitted to retain both MXN (Mexican peso) and foreign currency bank accounts domestically and abroad. Non-resident entities may hold domestic and foreign currency bank accounts within Mexico. Local currency accounts are not convertible into foreign currency. Mexico’s stable and well capitalized banking system is dominated by large foreign-owned institutions following a period of privatization and consolidation in the early 2000s sparked by legislation permitting foreign investment in the sector. Banks currently operating in Mexico include 23 financial groups, 50 multiple banks, six development banks, 84 credit unions and 39 representative offices of foreign banks. Payments Mexico’s high- and low-value clearing systems (SPEI and SICAM) are owned and operated by the central bank. CECOBAN, a consortium of banks, owns and operates CCEN, a clearing system for retail payments. Electronic credit transfers are widely used by large companies, while debit and credit cards are very popular for retail payments. Cash and checks are still commonly used by smaller firms and households. Internet-based electronic banking services are offered to both corporate and retail customers. -
Comunicado De Prensa 78-2016.Pdf
– – – – Evaluación Calificación Estatus Final De 80% a 100% Calidad Buena De 51% a 79% Calidad Regular Menor o igual a 50% Calidad Deficiente Instrumento No. de emisoras Verde Amarillo Rojo Acciones 137 124 5 8 Deuda a largo plazo 66 66 - - FIBRAs* 11 11 - - CKDs 55 55 - - Total 269 256 5 8 * Incluye un fideicomiso hipotecario. Nota: La calificación que obtuvo cada una de las emisoras evaluadas se detalla en el Anexo 1 de este comunicado. , Clave de Razón Social de la emisora (ACCIONES) Calificación Pizarra Accel, S.A.B. de C.V. ACCELSA 100 Alfa, S.A.B. de C.V. ALFA 100 Alpek, S.A.B. de C.V. ALPEK 100 América Móvil, S.A.B. de C.V. AMX 100 Arca Continental, S.A.B. de C.V. AC 100 Axtel, S.A.B. de C.V. AXTEL 100 Banregio Grupo Financiero, S.A.B. de C.V. GFREGIO 100 Bio Pappel, S.A.B. de CV PAPPEL 100 Bolsa Mexicana de Valores, S.A.B. de C.V. BOLSA 100 Casa de Bolsa Finamex, S.A.B. de C.V. (3) FINAMEX 100 Cemex, S.A.B. de C.V. CEMEX 100 CMR, S.A.B. de C.V. CMR 100 Coca-Cola FEMSA, S.A.B. de C.V. KOF 100 Compañia Minera Autlan, S.A.B. de C.V. AUTLAN 100 Consorcio Ara, S.A.B. de C.V. ARA 100 Consorcio Aristos, S.A.B. de C.V. ARISTOS 100 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VOLAR 100 Convertidora Industrial, S.A.B. -
Lista De Entidades Autorizadas Para Captar Emisoras
Lista de Entidades Autorizadas para Captar Emisoras Clave Clave No. Razón Social Captación No. Razón Social Captación PES PES ACCIONES Y VALORES BANAMEX, S.A. Investa Bank, S.A., Institución de Banca 25 126 Si 1 2 DE C.V., CASA DE BOLSA, INTEGRANTE Si Múltiple DEL GRUPO FINANCIERO BANAMEX. BANCO NACIONAL DE COMERCIO GRUPO FINANCIERO INBURSA, S.A.B. EXTERIOR, SOCIEDAD NACIONAL DE 38 Si 128 Si 2 DE C.V. 26 CRÉDITO, INSTITUCIÓN DE BANCA DE DESARROLLO GRUPO FINANCIERO BANORTE, S.A.B. 40 Si 3 DE C.V. Banco Nacional de Obras y Servicios 129 Públicos, Sociedad Nacional de Crédito, Si GRUPO FINANCIERO BANCRECER, S.A. 27 41 Si Institución de Banca de Desarrollo 4 DE C.V. Nacional Financiera, Sociedad Nacional CASA DE BOLSA FINAMEX, S.A.B. DE 42 Si 130 de Crédito, Institución de Banca de Si 5 C.V. 28 Desarrollo 6 62 BANCO NACIONAL DE MEXICO, S.A. Si Banco Nacional del Ejército, Fuerza Aérea y Armada, Sociedad Nacional BANCO SANTANDER (MEXICO), S.A., 29 133 Si INSTITUCION DE BANCA MULTIPLE, de Crédito, Institución de Banca de 67 Si 7 GRUPO FINANCIERO SANTANDER Desarrollo MEXICO ALMACENADORA AFIRME, S.A. DE 8 70 HSBC MEXICO, S.A. Si 30 173 C.V., ORGANIZACION AUXILIAR DEL Si CREDITO, AFIRME GRUPO FINANCIERO Scotiabank Inverlat, S.A., Institución 9 72 de Banca Múltiple, Grupo Financiero Si AF Banregio, S.A. de C.V., Sociedad Scotiabank Inverlat 31 204 Financiera de Objeto Múltiple, Entidad Si Regulada 75 BBVA BANCOMER, S.A. Si 10 ARRENDADORA AFIRME, S.A. -
2010 Annual Report
2010 Annual Report GRUPO FINANCIERO BANORTE, S. A. B. DE C. V. Av. Revolución 3000, Col. Primavera. C. P. 64830 Monterrey, N. L., Mexico. This Annual Report was prepared in accordance with regulations applicable to companies issuing securities as well as other participants in the market with information for the fiscal year ending December 31st, 2010. The 2,018,347,548 "O" series shares of Grupo Financiero Banorte, S.A.B. de C.V. in circulation as of December 31st, 2010 were traded in the BMV under the symbol "GFNORTEO." The second to last paragraph of Article 86 of the Stock Market Law states that: Issuing companies with registered securities, must display in the prospectus, supplement or informative pamphlet, a legend that explicitly states that such registration does not imply a certification of the attractiveness of those securities, solvency of the issuer or the accuracy or truthfulness of the information contained in the prospectus, nor does it authenticate acts that, if the case, have been conducted in breach of these laws. This report is available on the Internet at www.banorte.com/ri. Select “Annual Reports”, in the Financial Information section, and then the document entitled “2010 Annual Report”. INDEX 1. GENERAL INFORMATION...................................................................................................................... 3 a) Glossary of Definitions and Terms......................................................................................................... 3 b) Executive Summary................................................................................................................................. -
The Mexico Fund, Inc
The Mexico Fund, Inc. Monthly Summary Report July 2014 Prepared By: Impulsora del Fondo México, sc Investment Advisor to the Fund www.themexicofund.com The information presented in this report has been derived from the sources indicated. Neither The Mexico Fund, Inc. nor its Adviser, Impulsora del Fondo México, S.C., has independently verified or confirmed the information presented herein. July 31, 2014 I. THE MEXICO FUND DATA End of Month One Month Earlier One Year Earlier Total Net Assets1 (million US$) $411.11 $424.28 $406.97 NAV per share $27.44 $28.38 $29.93 Closing price NYSE2 $28.25 $28.28 $30.00 % Premium (Discount) 2.95% (0.35%) 0.23% Shares traded per month2 (composite figures) 971,408 758,797 983,513 Outstanding shares3 14,981,980 14,949,398 13,597,746 Shares on Short Interest Position2 25,827 16,434 69,640 Note: Past performance is no guarantee of future results. II. PERFORMANCE4 1 Month 3 Months 6 Months 1 Year Market price 2.41% 10.45% 7.86% 4.93% NAV per share -0.84% 6.07% 7.72% 2.20% Bolsa IPC Index 0.78% 6.93% 8.95% 5.25% MSCI Mexico Index 1.48% 7.80% 9.80% 6.49% 2 Years 3 Years 5 Years 10 Years Market price 36.82% 44.17% 148.21% 364.84% NAV per share 22.05% 25.16% 108.98% 315.05% Bolsa IPC Index 12.10% 13.42% 75.38% 348.21% MSCI Mexico Index 14.19% 17.76% 80.70% 314.10% III. -
Rating Action: Moody's Downgrades Eight Mexican Banks and the IPAB; Outlook Negative
Rating Action: Moody's downgrades eight Mexican banks and the IPAB; outlook negative 22 Apr 2020 Mexico, April 22, 2020 -- Moody's de México ("Moody's") has today downgraded to Baa1, from A3, the long- term global local and foreign currency deposit, issuer and debt ratings, where applicable of BBVA Bancomer, S.A. (BBVA), Banco Mercantil del Norte, S.A. (Banorte), Banco Santander México, S.A. (Santander México), Banco Nacional de México, S.A. (Citibanamex), HSBC México, S.A. (HSBC México), Banco Nacional de Obras y Servicios Públicos, S.N.C. (Banobras), Nacional Financiera, S.N.C. (Nafin), Banco Nacional de Comercio Exterior, S.N.C. (Bancomext), and the deposit insurer, Instituto para la Protección al Ahorro Bancario (IPAB). Moody's also affirmed MUFG Bank México, S.A.'s (MUFG) Baa1 deposit ratings. In the same rating action, Moody's affirmed the Aaa.mx/MX-1 long- and short-term Mexican National Scale ratings of BBVA, Banorte, Santander México, Citibanamex, HSBC México, Banobras, Nafin, Bancomext, and the IPAB. Moody's also affirmed long- and short-term Mexican National Scale ratings of Banco del Bajío, S.A. (BanBajío) at Aa2.mx/MX-1 and of MUFG at Aa1.mx/MX-1. The rating outlook on BBVA, Banorte, Santander México, Banobras, Nafin, Bancomext, and the IPAB remains negative. The rating outlook for Citibanamex and HSBC México was changed to stable, from negative. The rating outlook on BanBajío was changed to negative, from stable of its global local and foreign currency ratings. The rating outlook on MUFG remained stable. Moody's also affirmed the baseline credit assessments (BCAs) and adjusted BCAs of BBVA, Banorte, Santander México, Citibanamex, HSBC México, BanBajío, MUFG, Banobras, Nafin and Bancomext. -
Mexico Weekly Watch January 6, 2012
Weekly Watch Mexico January 6, 2012 Economic Analysis Output and price data from the last months of 2011 will contribute to specify Arnoldo López Marmolejo forecasts and risks for the first months of 2012 [email protected] Inflation in the second two weeks of December will make a difference to see if inflation is speeding up. Analysts believe inflation in December will come in at 3.7%, a higher-than-expected figure than in November (chart 1). Nonetheless, the inflationary balance for the year is positive since the core component should come in around 3.3% and headline inflation will remain within the central bank's target range. In turn, industrial output for November will provide further information on the economy's good status. These two variables will provide important information on forecasts and risks for the Mexican economy in the coming months. Recent above-expectations output and employment data from the US lead us to believe that output in Mexico could remain on its favorable path. Further, the Fed has continued to improve its communication strategy. This week it announced it will publish forecasts on the target interest rate for Fed funds as part of its economic forecast summary, a long-term level and the period of the first rise in the target rise given its forecasts on future economic conditions. The forecast on the Fed fund rate has been very important for the performance of the interest rate for Treasury securities (chart 2). The announced measure aims to increase transparency around Federal Open Market Committee forecasts (FOMC) and reduce uncertainty on financial markets. -
For Immediate Release
FOR IMMEDIATE RELEASE The Mexico Equity and Income Fund, Inc. Announces the Annual Meeting of Stockholders and Earnings for the Fiscal Year Ended July 31, 2012. Business Editors NEW YORK – (BUSINESS WIRE) – October 18, 2012 – The Mexico Equity and Income Fund, Inc. (the “Fund”) (NYSE: MXE; MXEPR), announced that its Annual Meeting will be held on December 4, 2012, at 9:00 a.m. Central time at the offices of U.S. Bancorp, LLC, 777 East Wisconsin Avenue, 4th Floor, Milwaukee, WI 53202. Common and Preferred Stockholders of record as of October 17, 2012 will be entitled to vote at the Meeting. The Meeting is being held for the following purposes: 1) To elect the Class II Directors to the Fund’s Board of Directors. 2) To consider and vote upon such other matters as may properly come before the meeting or any adjournment thereof. The Fund today also announced financial results for the fiscal year ended July 31, 2012. On July 31, 2012, total net assets of the Fund were $87,764,107 and the net asset value (“NAV”) of the common and preferred stock was $13.78 per share, based on 6,309,922 and 57,639 shares outstanding, respectively. The Fund’s common stock closed at $12.11 per share on the New York Stock Exchange on July 31, 2012. The Fund’s preferred stock, which is thinly traded, did not trade on July 31, 2012 but the mean of the bid and ask price was $16.03. For the fiscal year ended July 31, 2012, the Fund had an increase in net assets resulting from operations of $2,482,242. -
It's the Best Way to Send Money Home
It’s the best way to send money home. The Directo a México logo and “Directo a México” are service marks of the Federal Reserve Banks in the United States and service marks of the Banco de México in Mexico Outline o What is Directo a México? o Bansefi & Beneficiary Account Registration (BAR) Overview o Testimonial o Getting Started o Q & A 2 Account to Account Transfers o Uses existing ACH software and NACHA rules o CBR/PBR SEC codes o Certainty of Payment oNext business day funds availability (by 2:30 p.m. CT) o Same day as U.S. settlement* o Low cost oPer item surcharge of $0.67 to U.S. financial institutions o U.S. financial institutions determine own fee to customers – generally, financial institutions charge between $2.50 - $5.00. *Assuming not a bank holiday in Mexico. 3 More Pesos for Every Dollar Sent o U.S. dollar to Mexican peso conversion at highly competitive rate for every payment—regardless of amount 4 Foreign Exchange Savings Directo a Mexico FX rates compared to data in Appleseed study on FX rates of other transfers for 2 week period in 2005. “Banked Bonus” – Directo a México FX rate results in beneficiary receiving peso 10.90 equivalent of US$5 more per transfer (on a US$350 payment) 10.85 10.80 10.75 10.70 10.65 10.60 10.55 10.50 10a 3p 10a 3p 10a 3p 10a 3p 10a 3p 10a 3p 10a 3p 10a 3p 10a 3p 10a 3p 6/13 6/14 6/15 6/16 6/17 6/20 6/21 6/22 6/23 6/24 Texas Avg Directo a México Georgia Avg Nebraska Avg Illinois Avg 5 Study available at: http://appleseeds.net/servlet/PublicationInfo?articleId=48 Directo a México Kit Helps -
Instituciones De Crédito (Banca Múltiple)
INSTITUCIONES DE CRÉDITO (BANCA MÚLTIPLE) TABLERO DE CONTROL 2018-2019 REPORTE DE OPERACIONES REPORTE DE OPERACIONES EN REPORTE DE OPERACIONES CON REPORTE DE TRANSFERENCIAS INTERNACIONALES DE FONDOS RELEVANTES EFECTIVO CON DÓLARES CHEQUES DE CAJA PROGRAMA DE # RAZÓN SOCIAL O DENOMINACIÓN MANUAL PLD/FT OC IA CAPACITACIÓN 2018-2 2018-3 2018-4 2018-2 2018-3 2018-4 2018-2 2018-3 2018-4 2018-3 2018-4 2019-01 2019-01 2019-01 2018-05 2018-06 2018-07 2018-08 2018-09 2018-10 2018-11 2018-12 2019-01 2019-02 1 ABC CAPITAL, S.A. INSTITUCIÓN DE BANCA MÚLTIPLE ACCENDO BANCO, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE 2 (ANTES INVESTA BANK, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE) AMERICAN EXPRESS BANK (MEXICO), S.A., INSTITUCIÓN DE 3 BANCA MÚLTIPLE 4 BANCA AFIRME, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE 5 BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPE BANCO ACTINVER, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, 6 GRUPO FINANCIERO ACTINVER BANCO AHORRO FAMSA, S.A., INSTITUCIÓN DE BANCA 7 MÚLTIPLE BANCO AUTOFIN MÉXICO, S.A., INSTITUCIÓN DE BANCA 8 MÚLTIPLE 9 BANCO AZTECA, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE 10 BANCO BANCREA, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE 11 BANCO BASE, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE 12 BANCO COMPARTAMOS, S.A. BANCO CREDIT SUISSE (MEXICO), S.A., INSTITUCIÓN DE BANCA 13 MÚLTIPLE, GRUPO FINANCIERO CREDIT SUISSE (MÉXICO). BANCO DE INVERSIÓN AFIRME, S.A. INSTITUCIÓN DE BANCA MÚLTIPLE, AFIRME GRUPO FINANCIERO (ANTES UBS BANK 14 MEXICO, S.A.,INSTITUCIÓN DE BANCA MÚLTIPLE, UBS GRUPO FINANCIERO) 15 BANCO DEL BAJÍO, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE 1 -
Corporate Bond Market Review December 3, 2020
Corporate Debt México cccc7 Corporate Bond Market Review December 3, 2020 Major market decline since 2004 www.banorte.com @analisis_fundam ▪ In November, MXN 4.3 billion were placed in the long-term market, 79.7% below the observed in the same month of 2019 and far below the Tania Abdul Massih expected amount at the beginning of the month Director of Corporate Debt [email protected] ▪ In the month stood out the issuance of a dollarized bond (FMTY 20D, MXN 2.1 billion) and the balance between fixed rate notes (48.4%) and Hugo Gómez Senior Analyst, Corporate Debt floating rate notes (51.6%) [email protected] ▪ In the Banking Bond Market placements returned with the long-term Gerardo Valle bonds from Banco Actinver and Banobras, for a total amount of MXN Analyst, Corporate Debt 9.5 billion (2.17x y/y) [email protected] ▪ In the short-term market, MXN 13.9 billion were placed, 19.5% less than the registered in the same month of 2019; however, outstanding volume increased to MXN 47.8 billion, a 5.0% y/y growth Long-term corporate bond market. In November 2020, placement recovery slowed down after the 30-month high observed in October with the auction of only four long-term notes for MXN 4.37 billion (-79.7% y/y). Looking forward, Contents for the last month of 2020 we expect a rebound in placements with around MXN Long-Term Corporate Bond Market 2 18.0 billion through six long-term notes, with the preference skewed towards Short-Term Corporate Bond Market 9 structured bonds. -
Catálogo De Bancos. Catálogo De Bancos Clave Nombre Corto Nombre O Razón Social 002 BANAMEX Banco Nacional De México, S.A
Catálogo de bancos. Catálogo de bancos Clave Nombre corto Nombre o razón social Banco Nacional de México, S.A., Institución de Banca Múltiple, Grupo 002 BANAMEX Financiero Banamex Banco Nacional de Comercio Exterior, Sociedad Nacional de Crédito, 006 BANCOMEXT Institución de Banca de Desarrollo Banco Nacional de Obras y Servicios Públicos, Sociedad Nacional de 009 BANOBRAS Crédito, Institución de Banca de Desarrollo BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA 012 BBVA BANCOMER Bancomer Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo 014 SANTANDER Financiero Santander Banco Nacional del Ejército, Fuerza Aérea y Armada, Sociedad Nacional de 019 BANJERCITO Crédito, Institución de Banca de Desarrollo 021 HSBC HSBC México, S.A., institución De Banca Múltiple, Grupo Financiero HSBC 030 BAJIO Banco del Bajío, S.A., Institución de Banca Múltiple 032 IXE IXE Banco, S.A., Institución de Banca Múltiple, IXE Grupo Financiero 036 INBURSA Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa 037 INTERACCIONES Banco Interacciones, S.A., Institución de Banca Múltiple 042 MIFEL Banca Mifel, S.A., Institución de Banca Múltiple, Grupo Financiero Mifel 044 SCOTIABANK Scotiabank Inverlat, S.A. Banco Regional de Monterrey, S.A., Institución de Banca Múltiple, Banregio 058 BANREGIO Grupo Financiero 059 INVEX Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero 060 BANSI Bansi, S.A., Institución de Banca Múltiple 062 AFIRME Banca Afirme, S.A., Institución de Banca Múltiple Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo 072 BANORTE Financiero Banorte 102 THE ROYAL BANK The Royal Bank of Scotland México, S.A., Institución de Banca Múltiple 103 AMERICAN EXPRESS American Express Bank (México), S.A., Institución de Banca Múltiple Bank of America México, S.A., Institución de Banca Múltiple, Grupo 106 BAMSA Financiero Bank of America 108 TOKYO Bank of Tokyo-Mitsubishi UFJ (México), S.A.