Mexico | Monthly report on banking and the financial system. February 2026.

Current loans growth to non-financial private sector in December came at 2.6% in real anual terms, as the Mexican peso strength weighed on the business loan portfolio. Banking deposits real anual growth came at 2.2% supported by higher earnings during the holiday season.

Key points

• Key points:
• Deposits accelerated in December 2025 as higher earnings supported the holiday season.
• Business loan portfolio closed 2025 with a feeble growth as the economic slowdown and Mexican peso appreciation took their toll.
• Demand for bank credit showed greater dynamism in Q4 2025, in an environment of more differentiated conditions by segment.
• Non-US and value stocks rotation trade step up as the market adjusts AI expectations and weighs in economic data.

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