Mexico | Banking outlook. March 2025.

Summary

In a context of an economic slowdown, currency depreciation, and high interest rates, the financial system was characterized in 2024 by maintaining robust domestic financing sources, channeled primarily to the public sector and households through bank loans.

Key points

• Key points:
• The outstanding loan portfolio for the Non-Financial Private Sector closed 2024 with annual growth of 6.1%, after adjusting for inflation and the exchange rate effect.
• The balance of household credit is now 18.0% higher than before the pandemic.
• Traditional bank deposits grew by an average of 4.1% during 2024, even after discounting inflation and the exchange rate effect.
• Asset quality remains stable in an environment of increased private sector financing.

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