Banks keep capital levels high through end of 2010

- Friday, February 18, 2011

Banks keep capital levels high through end of 2010

Mexico's banks continued to maintain very high levels of capital through the end of 2010, according to the latest figures from regulator CNBV.

None of the 41 banks in the sector had a capital adequacy ratio below 11%, and all but one had a ratio above 13%.

At the bottom of the ranking were small niche or regional banks like Volkswagen Bank, BanRegio and Banco Azteca.

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Market leader BBVA Bancomer maintains a ratio of 15.1%, while second-place Banamex continues to have the highest ratio of the six major banks in the market, at 19.8%.

Mexican law requires banks to maintain a capital adequacy ratio at or above 10%.