Mexico | Credit to the non-financial private sector with second decline in nominal terms

Summary

In December 2020, the balance of current credit granted by commercial banks to the non-financial private sector registered for the second consecutive month a nominal annual fall, which was -1.2% (-4.2% in real terms), higher than the reduction registered the previous month (-0.8%).

Key points

• Key points:
• The current balance of the business loan portfolio continues contracting
• The balance of consumer credit accumulates eight consecutive months with falls in nominal terms
• Housing credit managed to maintain its dynamism, although the deterioration in job creation anticipates its slowdown

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