Mexico | Monthly report on banking and the financial system, December 2024

Summary

In October 2024, traditional bank deposits had a real annual variation of 4.7% (9.7% nominal), a figure higher than that of September (4.0% real). While the current credit portfolio granted by commercial banks to the SPNF grew 7.0% real annually (12.1% nominal), below the increase in September (7.2% real).

Key points

• Key points:
• Traditional bank deposits increase their rate of expansion during October
• Current credit to the non-financial private sector reduced its dynamism in October
• The Mexican financial system remains resilient in the face of stress conditions
• Positions in financial markets align with the recent result of US election

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