Letter to our readers.Dear Readers, Just 10 years of privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned were enough to leave Mexico's banking sector with just one major locally owned player. One by one, local banks have succumbed to capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. needs and sold out to U.S., Spanish, Canadian and more recently, British banking behemoths. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , a long-heralded recovery of credit remains elusive for small- and medium-sized business. But for how long? Historically low interest rates on government debt are forcing banks back into the lending business, allowing them to offer increasingly lucrative credit card, automobile and mortgage credit products. In this month's cover story, BUSINESS MEXICO examines the new face of banking in Mexico, its resilience resilience (r  ·zilˑ·yens),n to regional turmoil and the prospects of a local credit market revival. Included here is an exclusive interview with Mexican Bankers Association President and Banorte CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Othon Ruiz Montemayor. Another financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector--insurance--is living a similar fate. The relentless penetration of global players like ING and MetLife is shaping the market. Local analysts now believe that the sector is ripe for heavy growth. Lastly, we bring you a special report on the nation's auto sector. Find out how flexible financing schemes and declining prices spurred on by the approaching removal of trade barriers as a result of Nafta are benefiting local consumers. Matthew Gower Editor |
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