MEXICO | Bank profits. Net profits for Mexican banks, at M$13.8bn (US$1.26bn), were 2.8% down in the first quarter compared with the same period of 2006. The banks' net interest income, according to the Comisión Nacional Bancaria y de Valores (CNBV), was up by 19% at M$46.99bn, thanks to the increase in their lending. The banks' total assets at the end of the first quarter came to M$2.64 trillion (US$240bn). This was 9% up on the end of March 2006.
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