Alfonso Gurza is Principal Economist in the Mexico Regulation team, in charge of monitoring and analysing regulatory developments and of the Regulatory Committee of BBVA MX.
He holds a BSc in Economics from Mexico’s National Autonomous University and a MSc in Regulation from the London School of Economics.
Previously, he worked at the National Banking and Securities Commission (CNBV) in the development of regulatory projects for different financial sectors and took part in both national and international regulatory workgroups.
In April 2022, the balance of traditional bank deposits exhibited a real YoY growth rate of 1.5%, while outstanding credit granted by commercial banks to the non-financial private sector (NFPS) grew 0.9% in real terms, the first real growth rate recorded since July 2020.
Credit to households has shown greater recovery and is the main impulse for the growth of financing to the private sector, while the weakness of business financing lingers. Likewise, demand deposits maintain their dynamism, while the growth of time deposits remains in red figures.
In March 2022, the balance of traditional bank deposits registered at a nominal annual growth rate of 7.8%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) registered a nominal annual variation of 6.9%.