The minimum amount required to open a bank is above countries such as Switzerland, with a US$16 million requirement, and well above countries such as Guatemala (US$13 million) or Nicaragua (US$11 million). Other countries, such as Chile, Spain or Portugal, do not have minimum capital requirements.
“A possible explanation for the limited access of new banks in Mexico may be a consequence of the high amounts that must be initially available,” suggests the report presented by COFECE. “… It should be analyzed, in order to assess whether it is advisable to adjust it to the levels that allow greater market entry,” it suggests.
The study includes the 48 banks that operate in Mexico, although just three of these concentrate more than 50% of the financial assets: BBVA Bancomer, Santander and Citibanamex. Both BBVA and Santander have expressed their interest in increasing their presence in Mexico, one of their biggest centers of profitability.
Full Content: Contra Réplica
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI