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Published on Thursday, February 23, 2023 | Updated on Thursday, February 23, 2023

Mexico Banking Outlook. February 2023

Summary

The current credit portfolio to the Non-Financial Private Sector closed 2022 with real growth of 4.6%. The 9.1% real annual growth of consumer credit stood out. Traditional bank deposits grew by a real annual 1.8% in December 2022. Among these, term deposits accelerated due to the increase in interest rates.

Key points

  • Key points:
  • The Mexican Banking System maintains levels of capital and liquidity above regulatory minima.
  • Bank credit to the private sector has exhibited a widespread growth in real terms. During 2022, the consumer portfolio contributed the most to the growth of the total portfolio.
  • Interest rates have increased, but other granting conditions, such as amounts and maturities, have also adjusted. This could potentially contain a rise of NPL ratios.
  • There has been a recomposition of the excess liquidity accumulated during the pandemic towards term deposits and investment funds. The impulse to consumption waned by the end of 2022.

Geographies

Documents and files

Presentation (PDF)

Presentacion-Situacion-Banca-Febrero_2023.pdf

Spanish - February 23, 2023

Report (PDF)

Situacion-Banca-Mexico-Febrero-2023.pdf

Spanish - February 23, 2023

Authors

AG
Alfonso Gurza BBVA Research - Principal Economist
IM
Iván Martínez Urquijo BBVA Research - Principal Economist
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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