Mexico. From: OECD Banking Statistics: Methodological Country Notes 2010

Transcription

1 From: OECD Banking Statistics: Methodological Country Notes 2010 Access the complete publication at: Mexico Please cite this chapter as: OECD (2011), Mexico, in OECD Banking Statistics: Methodological Country Notes 2010, OECD Publishing.

2 This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

3 OECD Banking Statistics: Methodological Country Notes 2010 OECD 2011 Mexico Time coverage refers to a calendar basis (1 January-31 December), based on end-year data. Average assets are calculated with two end-year totals. The number of periods reported for each bank group is determined by their respective data availability, quality and consistency. I. Institutional coverage The reported statistics cover Commercial banks, public savings and loan associations (included in Savings banks), credit unions (in Co-operative banks), and development banks (in Other miscellaneous monetary institutions). Foreign Commercial Banks refer to banks with majority control of foreign investors. It is worth noting that of the 6 development banks accounted for, only one of them receives deposits from the general public, and one more takes deposits from national armed forces personnel. The numbers for All banks and Other financial institutions refer to information received by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores CNBV), while data for Insurance institutions is obtained from other financial authorities (see Section V. Sources). Information for branches and employees is included according to the quality, availability and consistency of data. II. Geographical coverage and degree of consolidation A territorial approach is used. The data cover transactions made by banks both in national territory and abroad, but not by foreign deposit-taking subsidiaries. Subsidiaries are not included, although all domestic subsidiaries are not deposit-taking and the importance of foreign deposit-taking subsidiaries is not significant (hence, the territorial approach is quite similar to a domestically-controlled cross-border consolidation method). No inter-group consolidation adjustments are made. For all reported figures, tradable instruments are valued at marketor fair value, nontradable instruments are valued at nominal value, and provisions are valued according to their type of asset. Off-shore operations are expressed in line with national reporting criteria, which are very close to IAS/IFRS. However, the change in IAS/IFRS accounting rules for financial instruments (concerning the use of fair value and not the concept of historical cost / book value for all financial assets and liabilities) was adopted as of 1 January

4 III. Summary description of activities of banks 1. Commercial banks All commercial banks have been granted universal operating licenses, and hence are allowed to: a) Receive deposits from the general public and financial institutions, in terms of demand deposits, time deposits and interbank deposits. Commercial bank deposits are insured (approximately 99% of the total number of accounts of Commercial Banks as of end 2009) by the Bank Savings Protection Institute (Instituto de Proteccion al Ahorro Bancario IPAB, b) Conduct lending business, according to 3 main business lines: commercial credit, including corporate loans, loans to financial institutions and government loans; mortgage loans, for individual home buyers (loans to housing construction developers are considered as commercial credit); consumer loans, including credit cards, durable goods (including car loans), personal loans and financial leasing, among others. c) Trade with securities, derivatives, foreign currency and precious metals, as well as debt securities issuance through public offerings. d) Carry on other business operations, such as property appraisals, financial factoring, fiduciary and custody activities, promoting insurance products, and assuming obligations on behalf of third parties (issuing letters of credit, bank acceptances, underwriting and endorsing loans, etc.), among others. As of 2007, a bank accounting standards amendment changed the legal and operational nature of repurchase agreements, eliminating the transfer of property from these operations in order to converge with international practices, which characterise them as collateralised loans. Although the recording of these transactions affected balance sheets significantly, reported figures for Commercial banks include adjustments to allow for time series comparability. In addition, during 2008 and 2009, Commercial Banks increased their allowance for loan-losses for credit cards due to a regulatory change stating that these provisions should be calculated proactively on an expected loss basis (previously, they were determined reactively according to the number of past-due payments). Similar changes are expected during 2010 for mortgage and non-revolving consumer loans. Prudential regulation regarding capital adequacy is very close to Basel II recommendations, including an early-warnings framework. As of end 2009, all commercial banks maintain capitalisation ratios above 10%. As of December 2009, authorised banks are allowed to carry out deposits, withdrawals, payments (both to bank loans and non-banking services), queries on account balances, and other financial operations through commercial agencies, such as department and convenience stores. 100

5 2. Savings banks (savings and loan associations) Savings banks are classified by the National Banking and Securities Commission in four different levels, depending on the sise of their assets and limiting the number of operations they allowed to carry out: Type of savings bank Level 1 Level 2 Level 3 Level 4 Asset size Up to 15 miu 15 < Level 2 50 miu 50 < Level miu More than 280 miu miu = million investment units; 1 investment unit = USD as of end All Savings banks are authorised to: a) Receive deposits from the general public and financial institutions, in terms of demand deposits, time deposits and interbank deposits. Besides managing debit cards, Savings banks are allowed to issue pre-paid cards. b) Conduct lending business, including commercial, mortgage and consumer loans (as described for Commercial Banks in the previous section). Credit cards are reserved only to Level 4 Savings banks. c) Trade with securities, but not with derivatives, foreign currency or precious metals. Investments in retirement funds and mutual funds are only allowed to Level 4 Savings banks. d) Promote insurance and bonding products. According to their classification, Savings banks are incrementally allowed to perform the following additional operations: Level 2: financial factoring, as well as payroll and safe deposit services; Level 3: financial leasing, cash management and treasury services (in addition to Level 2 operations); Level 4: debt securities issuance through public offerings, as well as assuming obligations on behalf of third parties through bank acceptances, loan endorsements and loan underwritings (in addition to Level 3 operations). 3. Co-operative banks (credit unions) According to the number of operations they are allowed to perform, co-operative banks are classified by the National Banking and Securities Commission in three different levels, limiting the number of operations they allowed to carry out: Type of co-operative bank Level 1 Level 2 Level 3 Required shareholders equity At least 2 miu At least 3 miu At least 5 miu miu = million investment units; 1 investment unit = USD as of end

6 All co-operative banks are authorised to: a) Receive deposits exclusively from their members and from financial institutions, in terms of demand deposits, time deposits and interbank deposits. b) Conduct lending business, limited only to commercial loans (as described for commercial banks). c) Trade with securities and derivatives. Operations with derivatives are limited only for hedging purposes. Debt securities issuance through public offerings is allowed, but excludes subordinated debt. They can also trade with foreign currency exclusively with their members. d) Carry on other business operations with their members, such financial factoring, financial leasing fiduciary and custody activities, promoting insurance products, and assuming obligations on behalf of third parties (issuing letters of credit, underwriting and endorsing loans, etc.), among others. 4. Other miscellaneous monetary institutions (development banks) Although development banks are allowed to exercise practically the same operations as commercial banks, some of them depend on the internal ruling of each institution. As of 2007, a bank accounting standards amendment changed the legal and operational nature of repurchase agreements, eliminating the transfer of property from these operations in order to converge with international practices, which characterise them as collateralised loans. The recording of these transactions affected balance sheets significantly, specifically investment securities. IV. Reconciliation of national data with the OECD presentation* V. Sources Data for banks and other financial institutions come from financial information received by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores CNBV Data on insurance institutions are obtained from figures received by the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas CNSF and the National Retirement Savings System Commission (Comisión Nacional del Sistema de Ahorro para el Retiro CONSAR * See the tables Income Statement Reconciliation and Balance Sheet Reconciliation that follow. 102

7 National presentation of income statement 1. Interest income Ingresos por intereses 2. Interest expenses Gastos por intereses Net interest income Margen financiero 3. Loan-loss allowance Estimación preventiva para riesgos crediticios 4. Fees and commissions receivable Comisiones y tarifas cobradas 5. Fees and commissions payable Comisiones y tarifas pagadas 6. Net income on financial operations Resultado por intermediación 7. Other income and expenses on operations Otros ingresos (egresos) de la operación 7.1. Incurred employee profit sharing expenses Participación de los trabajadores en las utilidades causada 7.2. Deferred employee profit sharing expenses Participación de los trabajadores en las utilidades diferida 7.3. Dividend income Dividendos de inversiones permanentes 7.4. Other operating income and expenses Otros ingresos (egresos) de la operación 8. Operating expenses Gastos de administración y promoción 8.1. Wages and benefits Remuneraciones y prestaciones 8.2. Professional fees Honorarios 8.3. Net cost of retirement liabilities Costo neto de obligaciones laborales al retiro 8.4. Property rents Rentas 8.5. Depreciations and amortisations Depreciaciones y amortizaciones 8.6. Publicity expenses Gastos de promoción y publicidad 8.7. Taxes and other rights Impuestos y derechos diversos 8.8. Non-deductible expenses Gastos no deducibles 8.9. Technology investments Gastos en tecnología Contributions to Bank Savings Protection Institute Aportaciones al IPAB Revaluations Incremento por actualización Other operating expenses Otros gastos de administración y promoción Operating income Resultado de la operación 9. Other non-recurring income Otros productos 10. Other non-recurring expenses Otros gastos 11. Incurred income taxes Impuestos a la utilidad causados 12. Deferred income taxes Impuestos a la utilidad diferidos 13. Income from subsidiaries and associates Participación en el resultado de subsidiarias y asociadas 14. Discontinued operations Operaciones discontinuadas Net income Resultado neto 103

8 Mexico Income statement reconciliation Commercial banks 2009 OECD presentation Million pesos National presentation 1. Interest income Interest income 7.3. Dividend income 2. Interest expenses Interest expenses 3. Net interest income Non-interest income (net) a. Fees and commissions receivable Fees and commissions receivable b. Fees and commissions payable Fees and commissions payable c. Net profit or loss financial operations Trading income d. Other net non-interest income Other operating income and expenses 9. Other non-recurring income 10. Other non-recurring expenses 13. Income from subsidiaries and associates 14. Discontinued operations 5. Net interest and non-interest income Operating expenses a. Staff costs Wages and benefits 8.2. Professional fees 8.3. Net cost of retirement liabilities b. Property costs Property rents 8.5. Depreciations and amortisations c. Other operating expenses Publicity expenses 8.7. Taxes and other rights 8.8. Non-deductible expenses 8.9. Technology investments Contributions to Bank Savings Protection Institute Revaluations Other operating expenses 7. Net income before provisions Net Provisions a. Provisions on loans Loan-loss allowance b. Provisions on securities 0 c. Other net provisions 0 9. Income before tax Income tax Incurred income taxes 12. Deferred income taxes 11. Profit after tax Distributed profit Incurred employee profit sharing expenses 7.2. Deferred employee profit sharing expenses 13. Retained profit

9 National presentation of balance sheet 1. Assets Activo 2. Cash and due Disponibilidades 2.1. In other financial entities Depósitos en otras entidades financieras 2.2. Interbank deposits (call money operations) Préstamos interbancarios (call money) 2.3. Other cash and due Otras disponibilidades 3. Investment securities Inversiones en valores 3.1. Held-for-trading securities Títulos para negociar Government debt Deuda gubernamental Bank debt Deuda bancaria Other Debt Otros títulos de deuda Equity Instrumentos de patrimonio neto 3.2. Available-for-sale securities Títulos disponibles para la venta Government debt Deuda gubernamental Bank debt Deuda bancaria Other Debt Otros títulos de deuda Equity Instrumentos de patrimonio neto 3.3. Held-to-maturity securities Títulos conservados a vencimiento Government debt Deuda gubernamental Bank debt Deuda bancaria Other Debt Otros títulos de deuda 4. Transactions with securities and derivatives Operaciones con valores y derivados (saldo deudor) 5. Performing loans Cartera de crédito vigente 6. Non-performing loans Cartera de crédito vencida 7. Loan-loss allowance Estimación preventiva para riesgos crediticios 8. Other accounts receivable Otras cuentas por cobrar 9. Repossessed assets Bienes adjudicados 10. Bank premises and fixed assets Inmuebles, mobiliario y equipo 11. Long-term equity investments Inversiones permanentes 12. Long-term available-for-sale assets Activos de larga duración disponibles para la venta 13. Deferred income taxes and employee profit sharing Impuestos y PTU diferidos (a favor) 14. Other assets Otros activos 15. Liabilities Pasivo 16. Demand deposits Depósitos de exigibilidad inmediata 17. Term deposits Depósitos a plazo 18. Bank bonds and other securities Bonos bancarios y otros títulos de crédito emitidos 19. Interbank loans Préstamos interbancarios y de otros organismos Short-term deposits in Central Bank Préstamos de Banco de México de corto plazo Long-term deposits in Central Bank Préstamos de Banco de México de largo plazo Other interbank loans Otros Préstamos Interbancarios 20. Subordinated bonds Obligaciones subordinadas en circulación 21. Transactions with securities and derivatives Operaciones con valores y derivados (saldo acreedor) 22. Collateral sold or given in guarantee Colaterales vendidos o dados en garantía 23. Other accounts payable Otras cuentas por pagar 24. Deferred income taxes and employee profit sharing Impuestos y PTU diferidos (a cargo) 25. Deferred credit and collections in advance Créditos diferidos y cobros anticipados 26. Shareholders equity Capital contable 105

10 Mexico Balance sheet reconciliation Commercial banks 2009 OECD presentation Million pesos National presentation Assets Assets 14. Cash and balance with Central bank Other cash and due 15. Interbank deposits In other financial entities 2.2. Interbank deposits (call money operations 16. Loans Performing loans 6. Non-performing loans 17. Securities Investment securities 18. Other assets Transactions with securities and derivatives 7. Loan-loss allowance 8. Other accounts receivable 9. Repossessed assets 10. Bank premises and fixed assets 11. Long-term equity investments 12. Long-term available-for-sale assets 13. Deferred income taxes and employee profit 14. Other assets Liabilities Liabilities 19. Capital and reserves Shareholders equity 20. Borrowing from Central bank Short-term deposits in Central Bank Long-term deposits in Central Bank 21. Interbank deposits Other interbank loans 22. Customer deposits Demand deposits 17. Term deposits 23. Bonds Bank bonds and other securities 20. Subordinated bonds 24. Other liabilities Transactions with securities and derivatives 22. Collateral sold or given in guarantee 23. Other accounts payable 24. Deferred income taxes and employee profit 25. Deferred credit and collections in advance Balance sheet total Balance sheet total 25. End-year total