Mexico | Monthly Report on Banking and the Financial System. November 2023

Summary

In September 2023, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.7%, while the current credit granted by commercial banks to the non-financial private sector (NFPS) registered annual growth of 5.4%.

Key points

• Key points:
• The private sector drives time deposits, while the non-financial public sector mostly explains the increase in demand deposits.
• The growth of credit to households decreases, while the business portfolio increases its dynamism in real terms.
• The IMF analyzes vulnerabilities in the global banking sector through stress tests in its “Global Financial Stability Report.”
• Higher volatility as markets reluctantly incorporate a context of higher rates for longer time.

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