MEXICO CITY - Mexico will allow 100% foreign ownership of existing financial companies in the country, including banks, Mexico's foreign trade bank Bancomext outlined in a summary of the anti-inflation and wage control "pacto" agreement.

"The financial authorities will allow further foreign investment in existing financial intermediaries up to 100% of capital," Bancomext said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.