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HSBC Mexico receives capital injection of 5.55B pesos

received a capital injection totaling 5.55billion Mexican pesos from its parent, HSBC Holdings Plc, HSBC Mexico said in an Oct. 11 filingwith Mexico's stock exchange, BMV.

"Thiscapital injection reflects our commitment to Mexico. I am satisfied with thecountry's clear progress, which is shown by our recent financial results,"HSBC Holdings Plc chief executive Stuart Gulliver was quoted as saying.

Forhis part, Nuno Matos, HSBC Mexico's CEO, said the funds will allow the bank tocontinue with its "positive growth" demonstrated in recent quarters.

HSBCMexico will release its third-quarter financial results Oct. 28.

As of Oct. 10, US$1 wasequivalent to 18.86 Mexican pesos.