Searcher
Mariana Angélica Torán
Mariana Angélica Torán
Principal Economist
Mexico City

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

Recent troubles at some shadow banks show the vulnerabilities of its funding model and could translate into liquidity problems for the sector. However, at present, this situation does not represent a risk for the financial system as a whole.
In July 2022, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew at a real annual rate of 3.2%, while traditional bank deposits (demand + term) registered a real annual growth rate of 1.9%.
In 2Q22, the recovery of credit activity was reflected mainly on the financing of households (consumption and housing), while financing to companies still shows slow dynamism. This recovery was supported by the sustained growth of formal employment and wages that partially offset the environment of higher interest rates.