Mexico | Monthly Report on Banking and the Financial System. October 2021

Summary

The withdrawal of Accendo banking license does not represent a risk for the stabilility of the banking system. This was confirmed by the Financial System Stability Board as it stressed that the fundamentals of the system remain sound. However, concerns about the weakness of the credit granted to the private sector prevail.

Key points

• Key points:
• Corporate credit fell all over the regions during 2Q21.
• Support measures targeting Banks and ther borrowers appeared to be effective at preventing a credit crunch across Banks: BIS Quarterly Review.
• A higher for longer inflation spooked equity investors in September.

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