Credit to the private sector: growth steadies at 7.7%, supported by credit to companies

Summary

In September 2014 credit granted by commercial banks to the private sector posted a nominal annual growth of 7.7% (3.3% in real terms) . This growth was slightly higher than in August 2014 (7.6% with figures revised by Banxico), but less than the same month in the previous year (9.8%). In the first nine months of 2014 credit granted to the private sector increased by an average of 8.5%, less than the average for the same period in 2013 (10.9%)

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