Mexico | Monthly Report on Banking and the Financial System. August 2019

Summary

Personal loans slow down, with lower average origination figures and higher interest rates in 2019. The share of customers who pay in full each month has grown in both the number of credit cards and the balance of credit granted. Banks granted better conditions for auto loans in 2018.

Key points

• Key points:
• Construction sees its lowest performance since the 2009 crisis
• Increased trade tensions trigger strong demand for risk-free assets
• CONDUSEF: Transparency and sound practices of FinTech institutions
• National Banking and Securities Commission (CNBV): Adjustments to the Circular Única de Bancos [Single Bank Circular] (CUB) for internal control and securities operations

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