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.
Bank credit to the private sector fell 7.9% in March due to the performance of the consumer and business portfolios, while demand deposits continued to drive bank deposits.
The banking system has maintained outstanding capital and liquidity levels, which up to now have allowed it to face the adverse effects associated with the pandemic.
The 2020 banking dynamics of lower credit granted to the private sector and a sharp increase in banking deposits were among the causes of better financing conditions for the banking system and a higher solvency.