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Pablo Soria de Lachica On Mexico’s Leading Bank Facing Competition

BBVA Bancomer, the largest bank in Mexico in terms of assets held, is facing renewed competition from both its larger rivals and more “middle-sized” challengers. Banco del Bajío launched an IPO (Initial Public Offering) last month that many experts believe will be the first of many such enticements from smaller banks as the country’s bigger financial institutions continue to deal with other obstacles. Pablo Soria de Lachica, a foreign exchange specialist based in Mexico City, says that despite ongoing political uncertainties and slower-than-estimated annual economic growth, Mexico remains an enticing location for investors. Pablo Soria de Lachica claims that one of Mexico’s most apparent weaknesses may in fact be one of its greatest strengths when it comes to investing. The Mexican peso, though weaker than several other currencies such as the dollar or the euro, allows buyers to take advantage…