Mexico banking outlook. January 2015

Lending to the private sector had a mixed performance in 2014, while traditional deposit-taking lost pace throughout 2H14. Growth in portfolio balances and credit card numbers in the last year-and-a-half has eased up, which points to a downturn in available income. The transition to formality is important, because it brings better conditions for gaining access to financial services. Branchless banking has grown substantially, but still needs to make the most of its potential as a vehicle for financial inclusion

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