Since the collapse of the SVB, at the beginning of March, the 11% drop in Regional titles stands out, followed by the collapse of BanBajio (-10.1%), Inbursa (-10.0%), Gentera (-9.3%), Value (-7.2%) and Banorte (-6.4%), according to Bloomberg data.
Despite the fact that there is no direct effect of what happened between the banks of the United States and Europe with the results of the banks listed on the BMV, there is a perception issue that alters the listing of the country’s bank issuers.
In a scenario of greater uncertainty and volatility, the investing public is more cautious and takes their profits, which causes a fall in the market, with a greater adjustment in Mexican banks. Although this does not currently represent a risk issue for the Mexican system.
Benjamín Álvarez, manager of Stock Market Analysis at CIBanco, pointed out that at the local level, the financial system is solid, particularly the banks that are listed on the Stock Exchange. The capital and liquidity requirements imposed by the authority show a certain solidity in the Mexican financial market, he explained.