Despite the fact that 2023 was not bad at all for banking, especially the level of profits and the growth of credit, delinquency rates have risen, reflecting the difficulties of many families.
It is true that employment has recovered, but after the pandemic salaries became precarious to the detriment of the middle class. Add 25% inflation from 2020.
Hence, the average IMOR of 2.4% of the system does not mean that in defaults the tide is calm: I was telling you about ABC Capital de Ualá by Pierpaolo Barbieri. His IMOR is 79%: only 25 cents of each peso borrowed are up to date.
BanCoppel led by Julio Carranza has a default rate of 8.4% and Autofin de Kapital by René Saúl is at 8.2% followed by Forjadores de Te Creo by Jorge Kleinberg with 7.0%, Afirme by Julio César Villarreal 5.7% and Banco Covalto by Credijusto by Allan Apoj 5.4%.
There are even more complex situations regarding defaults in consumer credit: Bankaool from Omni by Moisés Chaves is at 18% and surpasses BanCoppel with 17%. Sabadell by Albert Figueras also stands out with 7.7% and Mifel by the protagonist Daniel Becker with 7.4%.
In corporate credit, ABC once again steals the cake with a chilling 77.7%, followed by Autofin with 10.5%. Point to Multiva led by Tamara Caballero with 8.6%. A large bank suffering in this area is Adrián Otero’s Scotiabank with 4%.
In card delinquency, BanCoppel once again stands out with 15.9%, the same as in payroll with 20.6%. There Mifel also stands out with an IMOR of 27%, while Bankaool is at 28.5%.
The latter also brings an IMOR of 50% in auto financing, an area where it is accompanied by Jorge Montes’ Banco Bansí with 28% and Manuel Romo’s Banamex attracts attention with 22.5%.
In personal loans, the average delinquency is 5% with cases such as Forjadores with 41.4%, Autofin 30%, BanCoppel 19%, Ve por Más de Antonio del Valle 18% and Mifel with 13.6%.
In that segment with not cheap financing, there are also large banks such as BBVA of Eduardo Osuna with 4.6%, Santander of Felipe García 4.7% and Banorte of Marcos Ramírez 5.2%.
So not everything is hunky-dory for banking in an environment that, no matter what one may say, is not easy at all for the majority of Mexicans.
CUSTOMS IN THE US EVALUATE ILLEGALITY AND MINIMIS ANOTHER AREA
As part of the porosity that exists in customs in charge of André Foullon, another issue that adds to the growing informality that damages the clothing sector is Internet purchases that arrive without tariffs. According to the T-MEC, the so-called “minimis” cannot exceed 50 dollars exempt. Obviously it is a dead letter, hence it is a major topic on José Pablo Maauad’s agenda in Canaive. In the US, the customs authority itself has begun to evaluate the illegal flow that passes without problem for the benefit of
China, a country with which there is rivalry.
ZÚÑIGA SOON CLOSING IN COPARMEX CDMX AND ORTIZ REELEVO
Regardless of what happens with José Medina Mora, who is mentioned as a possible successor to Francisco Cervantes, it turns out that at Coparmex CDMX there will be a change of office in June. Armando Zúñiga will end a very fruitful administration. Adalberto Ortiz, who is from the financial sector, is mentioned as a possible successor.
MATTER FOR ANOTHER MESS IN T-MEC WITH EU LABELING
Political times and what better than to push labeling to favor the “made in the USA” product as intended by Tom Vilsack’s USDA versus meat and poultry imports from Mexico, Canada and other nations. Obviously there is material for a new controversy in the T-MEC. The matter is discriminatory and violates the spirit of the trilateral agreement. Yesterday the GCMA of Juan Carlos Anaya specified that for the country, the US is 87% of what is exported in beef and 20% in pork.
2024-03-13 09:00:00
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