Mexico | Monthly report on banking and the financial system. December 2025.

Summary

Banking intermediation exhibited the effects of economic slowdown in October. Current loans growth to non-financial private sector came at 4.5% in real terms annually, as the growth of the consumer portfolio waned. While banking deposits growth came at 2.2% annual, a 1.7pp below the average growth during 3Q25.

Key points

• Key points:
• The slowdown in bank deposits continued into October 2025.
• The main components of consumer credit slowed down in October.
• The banking sector registered slower asset growth, with limited risks and a solid capital and liquidity position: Banxico
• Trade uncertainty and changes in the regulatory framework moderated credit demand by region in Q3 2025.
• What lies beneath the recent strengthening of the Mexican peso?

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