Mexican president urges bank competition to boost financial inclusion

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Mexican president urges bank competition to boost financial inclusion
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Mexico's president and the head of the country's banking association o...

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador speaks to the media during a news conference to announce a plan to strengthen finances of state oil firm Pemex, at the National Palace in Mexico City, Mexico February 15, 2019. Picture taken February 15, 2019. REUTERS/Henry Romero

If needed, the government would offer more licenses to create new banks and spur competition, President Andres Manuel Lopez Obrador said at a banking convention in Acapulco. He also reiterated a commitment to not create laws that would regulate bank commissions.

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