2022年10月17日

10/17/2022 | 08:02am美国信息:*必填字段墨西哥城(路透社)-墨西哥最大的非银行放贷机构可能需要成为持牌银行,分析师表示,他们通过不断增长的市场动荡,以避免操纵命运的三大同学违约在过去的一年。“任何fintech严重,长期的野心可能会成为银行必须找到一种方式,”迈克•帕克表示,投资者在QED,风险投资基金支持几个fintechs放贷。在大流行期间,非银行机构代表墨西哥的私人信贷市场20%的份额。也被称为“影子银行”,他们提供工资从无担保信用贷款墨西哥的4到5百万中小企业。但三大上市球员已经在一年内违约:AlphaCredit,作为真正的和Unifin。现在银行不太愿意非银行贷款融资。国际债券持有人也不愿失去数十亿美元在最近一波后的违约。与信心部门枯竭,以及随后的流动性下降,利率上升,其余球员面临更慢的增长前景和潜在的生存斗争。“面对市场流动性减少的场景,这些金融公司必须更新他们的信用额度在更高的成本,和评估其它国内融资来源,”穆迪分析师罗德里戈Marimon说。还有另一个选择在墨西哥——成为一个银行这样的银行,可能通过收购。 That would allow them to lend out customer deposits rather than relying on credit markets, analysts said. Gilberto Garcia, an analyst at Barclays in Mexico, agreed that nonbank lenders would struggle to grow in the current funding climate, making becoming a bank a more attractive avenue. "At this point, they will have to fund their growth very gradually with their profits, or they can boost their funding pool by pursuing a banking license," he said. Garcia added, though, that becoming a bank is "by no means an easy or quick route, and comes with (onerous) regulatory obligations." Mexican fintech Covalto, previously named Credijusto, successfully went this route last year, acquiring a bank. "We specifically became a bank to prevent the pitfalls of this moment. The stability and security that we have right now, and the long-term benefit of decreasing our cost of capital, that's what we bought," said Covalto co-CEO David Poritz. Poritz also says more shadow banks will eventually follow. "Non-bank lenders will always play a role. But increasingly, companies are going to be going a fully regulated route." Analysts named the likes of Konfio and Brazil's Nubank as possible future-bank candidates. Both companies declined to comment, though a Konfio spokesperson said it recently fired 150 employees as part of a broader restructuring. SURVIVAL The bank route does not resonate with everyone. Some nonbank lenders hope to stick with the existing business model, which emerged to tackle the country's reported $160 billion funding gap. Among them is Tangelo, a digital nonbank lender formed out of the merger of asset-based lender Mexarrend and fintech Zinobe, and boasts credit lines from HSBC and Credit Suisse. "We're going to leave the regulated play for people who already have it," said co-Chief Executive Tarek El Sherif, adding that the Mexican regulator is "actually being very supportive because they don't want the sector to disappear." He added: "There's a real need. We are already getting approached (by Unifin clients)." Moody's has not ruled out the possibility of casualties and flagged the sector's need to improve corporate governance. Still, Marimon said shadow banks "that maintain their credit origination policies in a prudent manner (have) good business prospects." Indeed, a drop in competition has opened up new prospects, El Sherif said, arguing that the sector will survive its short-term bumps. "The people that survive will thrive and grow, and there's a lot of market share to scoop up. It's definitely a time to be aggressive." (Reporting by Isabel Woodford, Additional reporting by Carolina Pulice; Editing by David Gregorio) By Isabel Woodford