Mariana Angélica Torán
Mariana Angélica Torán
Principal Economist

Mariana Torán is a Senior Economist in the Banking team in Mexico. Her main functions focus on the analysis of the Mexican banking system, including conjuncture and long-term analysis on the evolution of credit and savings, as well as the forecasts of the banking variables.

Mariana Torán worked as Deputy Director of Supervision at the National Retirement Savings System Commission (CONSAR), and as Director of Industrial Banking and Commerce in the Development Banking Unit at the Ministry of Finance and Public Credit (SHCP). She also worked as Associate Director in the Public Finance group of Standard & Poor's Rating Services and as Head of Office in the General Directorate of Economic Research at Banco de Mexico.

She obtained a BA in Economics from the Autonomous Technological Institute of Mexico (ITAM), a Master’s in Economics from the University of Michigan and a Diploma in Dynamic Econometric Models (ITAM).

Latest publications

In October and November 2019, the nominal annual growth rates of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector were 5.7 and 5.8%, respectively (2.6% real in October and 2.8% real in November).
In the first nine months of 2019 the main source of bank credit growth granted to the private sector was that granted to companies. Commercial banks deposits loses dynamism. Weakness of external financing sources influenced by concerns about the global cycle and internal uncertainty.
The Financial Stability Report highlights that the pace of private financing to households and firms has diminished. There are upward risks for households and firm’s non-performing loans as the economy and employment have impaired recently.