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 liquidation process of Banco Ahorro Famsa begins. Consumer loans are no longer driving total private sector financing. Bank deposits reverse the weakness shown since the second half of 2019.
The credit granted by banks remained the main source of funding for the private sector. Financial intermediaries have granted one third of the formal loan portfolio to mortgage loans over the past five years. Portfolio balances mirror patterns of economic activity at the end of 2019.