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Published on Thursday, August 22, 2024 | Updated on Friday, August 23, 2024

Mexico | Monthly report on banking and the financial system. August 2024.

Summary

Credit to the non-financial private sector accelerated in June (7.5% in real terms) hand in hand with corporate credit. On the deposits side, the increase in demand deposits and the exchange rate depreciation supported the stabilization of traditional deposits.

Key points

  • Key points:
  • Traditional bank deposits' growth stabilized as increased sight deposits offset the deceleration in term deposits
  • Current credit to the non-financial private sector accelerated in June supported by the performance of corporate credit
  • Risks and opportunities of the rise of Artificial Intelligence on the financial system: BIS annual economic report
  • Idiosyncratic risk and global factors have led the peso to be the worst performer among EM since May

Geographies

Topics

Documents and files

Report (PDF)

Mensualbanca_ago_eng.pdf

English - August 22, 2024

Report (PDF)

Reporte-Mensual-de-Banca-y-Sistema-Financiero_agosto-24.pdf

Spanish - August 22, 2024

Authors

IM
Iván Martínez Urquijo BBVA Research - Principal Economist
MT
Mariana Angélica Torán BBVA Research - Principal Economist
LC
Leonardo Said Cruz Rangel BBVA Research - Intern
EH
Emilio Hernández Guerrero BBVA Research - Intern
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