Mexico | In July, bank credit to the private sector grew for a third month by one digit

Summary

In July 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 8.6% (4.6% real). This growth was slightly higher than the previous month (8.4%) and, in turn, was lower than the growth of the same month of 2018 (12.1%).

Key points

• Key points:
• For the third consecutive month, the credit growth to companies was one digit (8.8%)
• The annual growth rate of consumer credit of 6.2% in July was equal to the average rate it has registered in the last twelve months
• In July, housing credit continued to improve its performance

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