Mexican Mortgage Lender in Talks with Big Banks

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009083-mexican-mortgage-lender-in-talks-with-big/

MEXICO CITY – Credito Inmobiliario Terras, Mexico’s fourth largest mortgage finance company, said on Tuesday it is considering acquisition offers from the country’s big banks.

“We’re chatting. There’s nothing so far, no agreement,” said Antonio Estandia, chief financial officer at Credito Inmobiliario. “There could be something.”

Giant Spanish financial company BBVA last month said it would buy Hipotecaria Nacional, Mexico’s largest mortgage finance company, for $375 million. Estandia said that deal could lead to more acquisitions by the country’s large banks.

For this complete story, please visit Mexican Mortgage Lender in Talks with Big Banks.

Mexican Mortgage Lender in Talks with Big Banks

Unknown Author

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