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Carlos Hank Rhon Articles
Mortgage rates remain stable. Jose Manuel Rivero, president of the association Hipotecaria Mexicana, said that because of competition that exists in the housing market is not presented increases in the interest rate on mortgage loans. The body, composed of Infonavit, banks and other intermediaries sofol seeks to improve the conditions for access to credit. The manager said that although not expected increases in revenues, in certain niche markets housing prices rebounded as a result of the increase in inputs. (Milenio Diario, 19) |
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Calderon assured to the poorest in the country which has fulfilled his word. Since Metlatónoc, President Felipe Calderón said that his government will support the poorest municipalities in Mexico regardless of which are governed by the PRD, the PRI, PVEM or PAN, but also requested the governor and mayors of Guerrero assume their responsibility for them, as the President, also elected citizens. (La Jornada, 13)
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Carlos Hank Rhon-Sales Basics |
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February, 12
Shipments grew 34%: L @ Network. Authorities of Bansefi reported that this growth in remittances was due to L @ Red de la Gente offers financial services in |
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March, 26
Pronafide, with online banking. The chairman of the ABM, Enrique Castillo Sanchez Mejorada, commented that the Pronafide, driven a few days ago by President Felipe Calderón, forcing |
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July, 2
More credit to SMEs. The association of Banks of Mexico reported that these loans showed an improvement of 27% so far in 2008, while lending to companies grew 30%. |
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(Reforma, 3-AN) Fight strategies between banks by the credit market. The current diversity in the market for financial products is increasing thanks to the entry of 15 new players of various shapes and sizes who struggle constantly to cover the niche of credit. According to the CNBV and the Ministry of Finance, the new players have 22% of the total provision and care for 13.5% of users of savings accounts. These are VW Bank Mexico, FAMS Savings Bank and sofoles and sofomes already known, who compete in front of those already familiar with Banamex, Bancomer, Scotiabank and HSBC, among others. (Milenio Diario, 18) |
| Cae 2.4% of income remittances from January to April, arrived 7 thousand 336 million dollars. The Central Bank reported that remittances sent to Mexico immigrants living abroad, mainly in the U.S., fell 2.37% in the first four months of 2008. According to figures from Banxico, the amount of income of migrants from January to April was seven thousand 336 million dollars. Remittances are the second largest source of foreign exchange for Mexico after oil exports and compete side by side with foreign direct investment coming into Mexico. (La Jornada, 23) |
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The Association of Banks of Mexico |
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Warns the CNBV risks in the payment of mortgages. The agency estimated that before the increase in food prices, the low-income families will choose to invest in buying them and set aside to pay their mortgages. |
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