Iván Martínez Urquijo
Iván Martínez Urquijo
Principal Economist
Mexico City

Iván Martinez Urquijo is Principal Economist in the Banking and Financial System Unit. He is in charge of analysing the dynamics of Mexico’s banking system deposits and credit portfolios and monitoring the performance of the main institutions of the Mexican financial system.

Previously, he worked at BBVA Research Macroeconomic Analysis team as a Senior Economist. In this position Ivan was in charge of monitoring financial markets and performing analysis on monetary policy, exchange rate and interest rates.

Before joining BBVA, Ivan worked as a Senior Analyst at the Financial Investment Unit of the Mexican Institute of Social Security (IMSS), a department in charge of the asset allocation of Insitute’s reserves and pension fund resources.

He holds a BSc in Economics and a MSc in Finance from ITAM. At present he is in the process of earning the CFA certification.

Latest publications

The withdrawal of Accendo banking license does not represent a risk for the stabilility of the banking system. This was confirmed by the Financial System Stability Board as it stressed that the fundamentals of the system remain sound. However, concerns about the weakness of the credit granted to the private sector prevail.
The growth of bank deposits accelerated in July due to higher demand deposits from both individuals and companies. This dynamic could be associated with a relevant growth in formal employment together with a non-generalized slowdown in consumption after the rebound in COVID infections.
For the third consecutive month, the contraction in the annual growth rate of current portfolio balances to the non-financial private sector has been milder, which reaffirms that total bank credit is on the way to a recovery, although its magnitude differs across portfolios.