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With the authorization, on Tuesday, of the beginning of Bank of China operations in Mexico, Asian financial companies settled quietly, but strategically in the domestic market.
Two Japanese banks, two Chinese, one Korean in operation and another in progress, the bet of the Asian financiers is to fortify to the companies of their countries with the direct credit, mainly in the sectors like automobile and electronic or among others.
Thus, the banks operating in the country, Tokyo Bank Mitsubishi and Mizuho Bank, Japan; The Industrial and Commercial Bank of China (ICBC, for its acronym in English), as well as the Shinhan Bank, Korea, have, with data in April last from the National Commission of Banks and Securities (CNBV), 33,000 Since their arrival in Mexico, companies have been focusing on their unobtrusive strategy of offering financing to companies in their home country, without at the moment being interested in the service sector personal banking, as is the case with
The Bank of Tokyo Mitsubishi has the longest trajectory in the Mexican market. He came to Canada in 1958 with a representative office and in 1995 he opened a local subsidiary. It currently focuses its activities in León, Guanajuato, strategically in the Japanese automotive cluster with brands of this country located in Aguascalientes, Celaya and Salamanca, and with connectivity with Querétaro, Guanajuato and Zacatecas.
ICBC started operations in the country. With a credit portfolio of 3 billion 243 million pesos, the company's goal was to reach 0.5% of banking activities in Mexico over a five-year period.
"We are attracted by the potential of the Mexican economy and at first, we will support the Chinese companies that operate here.We are also a window of opportunity for others to Customers from different parts of the world can do business with Mexico, "said Yaogang Chen, CEO of ICBC Mexico.
In December 2017, Shinhan Bank was authorized to Start Trading in the Mexican Market. With assets to date amounting to one thousand 478 million pesos, he has focused his operations on various financial services for companies in his country based in Mexico.
"Banco Shinhan is primarily oriented to offer financial products and services to value chains generated and managed by Korean companies established in Mexico, through financing and deposit accounts, in national and foreign currency, of domestic transfers and international, among others, "explained the CNBV.
In March, Mizuho Bank obtained Your authorization to operate in Mexico. Incorporated in Tokyo, Japan, in 2002 as a commercial bank, which is today in the three largest banks of the Japanese financial system, which is part of the Mizuho financial group, one of the largest financial conglomerates in the world. with offices in more than 30 countries.
The country's financial authorities and even bank managers do not rule out the arrival of more foreign financial institutions in the Mexican market, with a strategy focused on commercial niches. or to companies in their home country.
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