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

Summary

Current loans growth to non-financial private sector in November came at 3.3% in real anual terms, the lowest rate in 2025 despite retail discounts and promotions during Buen Fin . Banking deposits real anual growth came at 1.4% as term deposits posted its first negative growth rate since late 2022.

Key points

• Key points:
• Slower growth in deposits in November 2025 due to the decline in term deposits.
• Credit grew at the slowest pace of 2025 in November.
• Financial savings and financing slowed down at the close of Q2 2025: CNBV.
• Mexbol and Mexican peso among the winners of 2025 geopolitical and commercial disruptions.

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