V.I.P. Modeling Agencies | Mexican Banks

V.I.P. Modeling Agencies realizes that the Mexican bank has a huge 2.5% return on assets, and it's tier-one capital ratio is 14%. They're a massively well capitalized bank compared with what you see in the U.S. or Europe. The market for financial services in Mexico is relatively nascent. The private debt to GDP ratio is about 50% lower than it is in Brazil, he notes, and many Mexicans still lack mortgages. As a result, Jain thinks Santander Mexico can lift it's earnings by more than 12% a year over the next few years.



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