Ministry of Finance opened the opportunity for new multiple banks to be established in Mexico. The call did not fall on infertile ground and in a relatively short period of time at least 19 new private institutions with this specialty opened their doors, including the following banks: Interstate, Del Sureste, Industrial de Jalisco, Capital Interacciones, Inbursa, Quadrum, Pronorte and Northern Region.
Bank privatization in Mexico took place in a context that was too inconvenient to produce satisfactory results.
It generated a domino effect against the popular economy, whose results suffer among the governed to this day.
Legal modifications that were made to legally introduce the instruments that would serve the interested parties to obtain a portion of the banking system through auctions carried out by the federal government, not only for the acquisition of banking institutions but also of formal guarantees to perpetuate uninterrupted possession over them —despite the embezzlement and theft that took place just after the Salinista administration ended.
