Iván Martínez Urquijo
•B.A. in Economics, Instituto Tecnológico Autónomo de México (ITAM)
•MsC in Finance, ITAM
•Diploma in Econometric Models, ITAM
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.
During the month of January, bank deposits remained weak due to the stagnation of economic activity and lower short-term interest rates.
In January 2020, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 5.3% (2.0% real). This growth was slightly higher than the previous month (5.1%), but significantly below that recorded in the same month of 2019 (10.0%).