Development banks slow expansion of balance sheets post crisis
Bnamericas Published: Thursday, February 24, 2011
The rate of expansion of Mexico's government-held development banks has slowed, though they show no signs of rolling back the enormous amount of assets built up during the financial crisis. According to the latest statistics from bank regulator CNBV, Mexico's development banks had 853bn pesos (US$70bn) in assets on their books as of the end of 2010, up 3.4% from a year prior but roughly double the assets reported in mid-2008, just before the financial crisis began. The sector's credit portfolio stood at 366bn pesos through the end of 2010, up 4.7% during the year. Mexico's development banks have stayed profitable throughout the expansion of their balance sheets, posting combined earnings of 6.81bn pesos in 2010. The largest of the government development banks, Banobras, reported an ROE of 13.3% for the year, while the second largest, Nafin, reported ROE of 7%.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Mexico)
Mexico mining industry warns against open pit ban
Various players highlighted the negative effects a proposed ban would have on the economy.
Mexico's antitrust authority continues natgas market study despite abolition threat
This is the only study started by Cofece in 2023, but its publication date is yet to be determined.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Caballos
- Current stage:
- Updated:
2 days ago
- Project: Alameda - Melipilla railway (Melitren)
- Current stage:
- Updated:
2 days ago
- Project: Mina San Francisco
- Current stage:
- Updated:
2 days ago
- Project: Encierro
- Current stage:
- Updated:
1 day ago
- Project: Sol do Canindé photovoltaic power plant
- Current stage:
- Updated:
2 days ago
- Project: Los Llanitos y Jicatuyo hydropower plants
- Current stage:
- Updated:
2 days ago
- Project: Wastewater treatment plant in Trujillo (PTAR Trujillo)
- Current stage:
- Updated:
2 days ago
- Project: Caldeira
- Current stage:
- Updated:
1 day ago
- Project: Burica hydro
- Current stage:
- Updated:
2 days ago
- Project: Energía Sierra Juárez wind complex
- Current stage:
- Updated:
2 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: EMYCSA S.A. de C.V.  (EMYCSA)
- Company: AES Colombia & Cía SCA E.S.P
- Company: PRW Ingeniería y Construcción SAC
- Company: Sicilsaldo SpA  (Sicilsaldo)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Puroil S.L  (Puroil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Powerway Renewable Energy Co. Ltd.
- Company: Jinko Solar Chile
- Company: Measures Solutions, S. de R.L. de C.V.  (Measure Solutions)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...