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

In June 2022, the nominal balance of the current credit portfolio granted by commercial banks to the NFPS grew 11.1% annually (2.9% real), while traditional bank deposits registered a nominal growth rate of 10.2% (2.1% real), maintaining the growth rate observed in the last two months.

Key points

• Key points:
• The greater dynamism of the business portfolio during June implied a better performance of credit to the non-financial private sector (NFPS).
• Term deposits resume growth after 22 months of contraction.
• The share of credit card customers who pay in full every month increased, while the fall in the balance of personal loans decreased and a relative improvement was recorded in terms of portfolio quality.
• Bear market rally for financial assets in July?

Authors

Geographies

Topics

Tags