The liquidity and solvency issues encountered by Unifin and Crédito True, two of the biggest multi-objective economical companies (Sofomes) functioning in the country, do not jeopardize the steadiness of the country’s technique of non-lender intermediaries, as these are isolated instances that do not symbolize the condition. of all these economic entities, claimed Enrique Presburger Cherem, president of the Association of Sofomes of Mexico (Asofom).
In an interview prior to the annual Asofom convention, which will be held this Thursday and Friday in the Riviera Maya, he pointed out that in typical these money institutions have come ahead following the disaster due to the fact they go from the cycle of the economic system. they took care of the default levels to reduce any threat.
In the present-day conditions, in which the company is pressured by inflation or slow growth, the Sofomes have all the things they need to have to grant loans, equally to little and medium-sized enterprises, and to people today by way of payroll funding. , inspite of the benchmarks for granting it now they are additional watchful.
Crédito Real and Unifin are two Sofomes who have had to facial area liquidity and solvency challenges in current months. In the initial case, it defaulted on a Swiss franc bond in February, which has led to the holding company heading bankrupt and now liquidating.
In the case of Unifin, the company announced that it will find to restructure its financial debt, which is why it will prevent honoring its payment commitments.
“These are situations that do not issue other entities or people of Sofomes, certainly there is a danger that there is much less liquidity for these intermediaries, but we are self-confident that the marketplaces will be capable to activate their liquidity in the sector and guarantee solidity, even if it is not a possibility systemic “, clarified Presburger.
With regard to the desire for credit score in the Sofomes, specialized in the granting of financial loans to little business people or payslips, he pressured that at the moment there is an express have to have for assets “so it will proceed to increase, but now due to inflation there is a will need to beware of your expired wallet. We are focused on effective credit and an boost in demand from customers is expected, but we have to take care of ourselves ”.
He claimed that at this time the Sofomes are presently an set up monetary sector, a noticeable actuality as one particular in every 5 pesos of credit history in the Mexican market will come from these establishments.
“We are the only economical organization that has developed 18 p.c in the pandemic and let us say that six out of 10 new SME financial loans arrive out for us, we are a determine that weighs, that has a observe record and the time to be compact is over and we will commence. to see what we do with the banks, with the funds and the global corporations, they are offering us the entrance ”, underlined the president of Asofom.
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