Mexico | Monthly Report on Banking and the Financial System. July 2022

Summary

In May 2022, the balance of traditional bank deposits registered a real annual growth rate of 1.9% (9.7% nominal), accumulating three consecutive months of growth, while the nominal balance of the current credit portfolio granted by banks to the non-financial private sector grew 2.3% real (10.2% nominal).

Key points

• Key points:
• Traditional bank deposits maintain growth at an annual rate, supported by sight deposits and term deposits that moderate their fall.
• For the first month since March 2020, all bank loan portfolios to the non-financial private sector grew in real annual terms in May.
• Remaining effects of the pandemic along with a combination of current supply and demand factors pose new challenges to the stability of the financial system.
• Current balances fell in the Center and South of the country in 1Q22, due to the drop in financing for secondary and tertiary activities.
• Uncertainty in financial markets during 1H22 prompted by inflation and its consequences.

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