Mexican Retailer Moves Into Low-Income Banking

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000687-mexican-retailer-moves-into-low-income-ba/

Mexican retail chain Coppel plans to launch a small bank and pension fund to attract the savings of the country’s increasingly sought after working class.

Coppel, which specializes in selling clothing and domestic electronics products on credit, has applied to the government for permission to operate a bank and pension fund manager, chief executive Enrique Coppel told Reuters on Wednesday.

For this complete story, please visit Mexican Retailer Moves Into Low-Income Banking.

Mexican Retailer Moves Into Low-Income Banking

Unknown Author

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