Mexico—cross border banking and finance guide
Produced in partnership with Creel, García-Cuéllar, Aiza y Enríquez, S.C.
Mexico—cross border banking and finance guide

The following Banking & Finance practice note produced in partnership with Creel, García-Cuéllar, Aiza y Enríquez, S.C. provides comprehensive and up to date legal information covering:

  • Mexico—cross border banking and finance guide
  • Loan market and developments
  • Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.
  • Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses to the questions below.
  • Lending
  • Is it necessary to obtain any consents or licenses in order to lend in your jurisdiction or enforce rights under a loan agreement and if so what is the process for obtaining the consent or license? Are there any other restrictions on lending that foreign lenders should be aware of?
  • Are there any taxes, duties or other charges associated with making loans to entities that are incorporated in your jurisdiction?
  • Are there any restrictions, controls, fees, taxes or charges on foreign exchange in your jurisdiction?
  • How is debt normally transferred in your jurisdiction?
  • Security and guarantees
  • More...

Mexico—cross border banking and finance guide

Loan market and developments

Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.

According to the Mexican Banks’ Association (Asociación de Bancos de México), financing transactions in Mexico represent 34.2% of the Mexican GDP and, in recent years, its growth exceeded 3.7 times the economic growth of Mexico. It is expected that for 2019, the financing operations in Mexico may represent 40% of the Mexican GDP. Looking at the long term, it is also expected that a significant growth on Mexican financial activity may occur based on the Mexican macroeconomic stability and the capitalisation of Mexican banks.

During the last few years (after the 2008 financial crisis), cross border financings have been active in Mexico, and despite the uncertainty and concerns created due to the new presidential administration of the United States of America and a potential amendment to the current status of the North America Free Trade Agreement (NAFTA), these are also expected to grow. Relevant amendments to applicable laws in various sectors of Mexico (for example, telecommunications and energy), are currently increasing the interest and appetite of foreign investors/creditors to participate in the Mexican market.

Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses

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