Financial Services

Mexico’s banking system is a remarkably well-developed one. The central bank, the Bank of Mexico, is an independent agency of the government that performs the traditional functions of a central bank. Specifically, it dictates to member banks the amount of money they must keep in reserve and it regulates the nation’s money supply.

In 1982, in the wake of Mexico’s recession and in an effort to contain the flight of capital out of Mexico, the nation’s private banks were nationalized by the government. All banks were privatized again by 1992 and as of 1999 there were 39 commercial banks operating in Mexico. As of 1994, the government has allowed Canadian and U.S. banks to open branches in Mexico.

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Thank you for completing complex mortgage repayments simultaneously in three countries. David and Stefano were excellent, remaining calm and efficient in trying circumstances. I was very satisfied with their service, and would not hesitate to use Kobalt Law again.  

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