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SourceMex PDF file 1995 right arrow Apr

Six Banks Receive Assistance From State-run Bank Capitalization Fund

LADB Article ID: 56163
Category/Department: Mexico
Date: 1995-04-12
By: LADB Staff

On March 31, the federal banking regulation agency (Comision Nacional Bancaria, CNB) confirmed that six banks had received a total of 6.48 billion nuevo pesos (US$1.03 billion) from the temporary capitalization program (Programa de Capacitacion Temporal, Procapte) to allow them to comply with the capitalization levels of at least 8% required by the government. Procapte was created by President Ernesto Zedillo's administration as one of various instruments, which taken together will provide a total of about US$11.6 billion to shore up the banking sector this year.

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