Mexico | Monthly report on banking and the financial system. April 2026.

Summary

In February 2026, outstanding credit granted to the non-financial private sector (NFPS) continued to slowdown, reaching a new low since 2022 (1.4% YoY in real terms), driven by a weak corporate lending. Deposits growth recovered to 2.1% YoY in real terms, despite currency appreciation.

Key points

• Key points:
• Despite the appreciation of the exchange rate, banking deposits accelereted in February 2026.
• Bank credit portfolios further intensified their slowdown in February 2026.
• Stable conditions prevailed in commercial banking throughout 2025: CESF.
• Did the Iran conflict prompt a relevant change in the holdings of government bonds?

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