Friday , August 19 2022

Citibanamex, Santander and BBVA Bancomer, who are the most vulnerable if they are exempt from fees: Moody & # 39; s


If the initiative presented by Morin is implemented to reduce bank fees, Larger exposure to retail credit will be most affected,Such as Citibanamex, Santander and BBVA Bancomer, Rating agency Moody's

"The most affected banks are those with high exposure to retail credit, such as Citibanamex, Commissions accounted for 28% of net earnings as of August 2018.Banco Santander accounted for 21% of net profit over the same period. "

These two financial institutions are BBVA Bancomer, HSBC and Banco Multiva. Fee that average 17% of net profit. Contrary, Banco Inbursa, Banregio and Banco Azteca are the least affected. 12, 5 and 2% respectively.

Moody & # 39; s is a bank High interest rate offset commission incomeBut competitive pressures, especially in the retail customer segment, will probably limit the ability to do so.

Senator Ricardo Monreal, who proposed the initiative, confirmed that the Mexican banking commission was too high, but the credit rating agency stressed that the commission income from the Bank of Mexico is consistent with commission income from other major systems in Latin America. As in Chile, Peru and Colombia

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