Searcher

Published on Thursday, June 18, 2020 | Updated on Monday, June 22, 2020

Mexico Banking Outlook. First half 2020

The momentum of non-financial private sector credit is partly based on the accounting effect of exchange rate depreciation. Companies use their credit lines to cover liquidity needs in face of the health emergency. Consumer loans are no longer driving total private sector financing.

Key points

  • Key points:
  • Mortgage loans managed to maintain their momentum in the first third of the year, but a prolonged slowdown is forecast
  • Delinquency in private sector credit remains relatively stable, although small changes are beginning to be recorded in some segments
  • Traditional commercial banking deposits at historically high growth levels
  • Atypical growth in sight deposits partly reflects a reduction in consumption
  • Momentum of debt mutual funds slows

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in