Iván Martínez Urquijo
•B.A. in Economics, Instituto Tecnológico Autónomo de México (ITAM)
•MsC in Finance, ITAM
•Diploma in Econometric Models, ITAM
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.
March 26, 2021
Mexico | Banking deposits: better than expected in January in spite of a seasonal drop
The month of January is usually a weak one in terms of banking deposits as a consequence of the payment of year-end related expenses, the seasonal unemployment and the rise of some prices. In spite of this, banking deposits showed resilience.
March 18, 2021
Mexico | Credit to the non-financial private sector with second decline in nominal terms
In January 2021, the balance of current credit granted by commercial banks to the non-financial private sector once again registered an annual fall in nominal terms, which was -1.3% (-4.6% in real terms), practically the same as that observed in December (-1.2%).