Searcher
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

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.
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.
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.