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Published on Wednesday, August 30, 2023 | Updated on Thursday, January 18, 2024

Mexico Banking Outlook. August 2023

Summary

Banks maintain levels of capital and liquidity above regulatory minima, along with higher profitability, even with a higher cost of risk. All the portfolios that make up bank credit to the non-financial private sector (NFPS) have registered growth in real terms.

Key points

  • Key points:
  • Consumer credit was the one that contributed the greatest dynamism to the growth of the NFPS portfolio in the first half of 2023.
  • Credit card spending has increased at a higher rate than income, especially in the lowest deciles. There is a recomposition in the destinations of spending with CC and, for bank cards, a change in patterns between full and non-full customers.
  • The recomposition of bank deposits towards term deposits continues in the face of the cycle of interest rate hikes.
  • The participation of non-residents in domestic financial assets fell at a slightly higher rate during the first half of 2023, while the public sector consolidated as the main user of financial resources in the economy.

Geographies

Documents and files

Presentation (PDF)

Presentacion-Situacion-Banca-Agosto-2023_BBVA_Research_Final.pdf

Spanish - August 30, 2023

Report (PDF)

Situacion_Banca_Mexico_Agosto_2023_BBVA_Research_WB.pdf

Spanish - August 30, 2023

Authors

AG
Aarón Emmanuel Gaytán Nava
AG
Alfonso Gurza BBVA Research - Principal Economist
IM
Iván Martínez
CS
Carlos Serrano BBVA Research - Chief Economist
MT
Mariana Angélica Torán BBVA Research - Principal Economist
GU
Gerónimo Ugarte Bedwell BBVA Research
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