April 11, 2019
In February 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the private sector was 10.3% (6.1% real). This rate was slightly higher than that of the previous month (10.1%) and lower than the same month of 2018 (12.0%).
In January 2019 the nominal annual growth rate of traditional deposits (demand + term) of commercial banks was 7.8% (3.3% real), similar to the previous month (7.9%) and lower than the nominal growth rate registered in January 2018 (9.0%).
Financing provided to the non-financial private sector slowed in the second half of 2018. Housing prices rose by 7.9% in the first quarter of 2018. Market players focus on concerns around the financial situation of Pemex and the "patient" stance of the FED.