Gerónimo Ugarte Bedwell is a Senior Economist at BBVA Research Mexico, focusing mainly in Regional-Sectoral and Real Estate topics.
Gerónimo has a BA in Economics from Instituto Tecnológico Autónomo de México (ITAM), a Master´s in Economics from Universitat Pompeu Fabra, and conducted his PhD in Economics studies at Tel Aviv University.
Additionally, Gerónimo has been a professor of Economics (Microeconomics and Macroeconomics) at the FCA postgraduate studies unit of Universidad Nacional Autónoma de México (UNAM) and has participated as a speaker in academic conferences on the areas of Social and Economic Networks and Uncertainty Theory.
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.
Traditional bank deposits (sight + term) continued to grow in February, supported by the sight segment and despite the fall in the balance of time deposits during the last ten months. However, within sight deposits, there were changes in terms of their sources of growth.
April 16, 2021
Mexico | Bank credit fell 2.0% due to the performance of the consumer & business portfolio
During February 2021, the nominal balance of the current loan portfolio granted by commercial banks to the non-financial private sector fell 2.0%. The annual rate reduction in nominal balances was greater than in January (-1.3%), accentuating the downward trend observed since May 2020.