Gerónimo Ugarte Bedwell is a Senior Economist at BBVA Research Mexico, focusing mainly on Banking and Financial System 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 was awarded the National Award in Economics of the Colegio Nacional de Economistas and has been a professor of Economics (Microeconomics and Macroeconomics) at the FCA postgraduate studies unit of Universidad Nacional Autónoma de México (UNAM). Besides that, he has participated as a speaker in international academic fora on the areas of Social and Economic Networks and Uncertainty Theory.
During October 2021, traditional private sector deposits increased in real terms, driven by employment and the rate hike cycle. The current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 0.2% in nominal terms.
December 23, 2021
Differentiated recovery of credit and deposits in the face of moderation of the pandemic.
The reduction in COVID-19 cases during October seems to have influenced a heterogeneous boost to credit, while the relevant rise in formal employment and the cycle of monetary tightening were reflected in an incipient change in the trend of term deposits.
December 9, 2021
Mexico | The financial system overcame the pandemic while maintaining its stability.
We share the conclusion reached by the FSR regarding the soundness of the financial system and we agree with the idea that some institutions of the banking system - none of systemic importance - may still have solvency problems, although this does not put the banking system at risk. as a whole.