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.
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Gabriela López
Senior Economist
Mexico City
Gabriela is part of the regulation area, where she monitors the applicable regulation for the Bank, as well as those of general interest, and supports the regulatory committee of Mexico.
She has a Law Degree from la Universidad Nacional Autónoma de México and a specialty in Legal Norms and Practices in Financial Markets from the Mexican Stock Exchange.
She has worked in various areas of BBVA, including the Legal Area of Financial Markets and Institutional Affairs. Previously, he worked at the Mexican Stock Exchange where she was in charge of the regulatory part of the Stock Exchange and MexDer.
Latest publications
Total credit granted to the non-financial private sector remains weak. It dropped again in January and was widespread across the country according to regional data as of 4Q20. Total deposits remained strong in annual terms in spite of a seasonal drop at the beginning of the year.
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During 2020 banking intermediation showed resiliency but was not unscathed. Bank deposits grew at double digits, however, credit to the private sector dropped for the first time in the last ten years. In 2021, investment and employment growth will be key for the strength of the sector.
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