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FOBAPROA

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AcronymDefinition
FOBAPROAFondo Bancario de Protección al Ahorro (Spanish)


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Mexico's two largest banks fully recognized the impact of the resolution of the Fobaproa fiasco, meaning that they would assume the cost of loans sold to Fobaproa after the 1995 crisis.
The monetary authority says it wants to ensure the validity of the loans transferred to the government's rescue-fund agency Fobaproa.
activity has centered on servicing (WSM and Auritec SA, Mexico, among others), due diligence and work-outs of defaulted portfolios acquired from FOBAPROA (the Mexican RTC) or under contract with the Mexican government (AMRESCO Inc.
 
 
 
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