Mexico | Slide deck Banking outlook. May 2026.

Summary

Recent economic slowdown has already weighed on the internal sources of financing as retirement savings gain greater relevance. These resources have been allocated mainly to the public sector and households, particularly through banking credit.

Key points

• Key points:
• The outstanding loan portfolio to the Non-Financial Private Sector (NFPS) closed Q1 2026 with year-on-year growth of 3.8%, after adjusting for inflation and exchange rate effects. Credit to households is the main driver of credit provision.
• Traditional bank deposits grew at an average annual rate of 3.4% during Q1 2026, even after adjusting for inflation and exchange rate effects. Demand deposits grew at an average annual real rate of 3.0% during the same period.
• Despite the complex economic conditions, the quality of the banking sector's assets remains solid. The non-performing loan ratio for the total loan portfolio to the non-financial private sector stood at 2.4% at the close of Q1 2026, below pre-pandemic levels.

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