Mexico | Monthly report on banking and the financial system. July 2023

Summary

In May 2023, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector increased at a real annual growth of 4.5% (11.2% nominal). Consumer credit contributed 2.5 pp, while the housing and business portfolios contributed 1.2 and 0.9 pp, respectively.

Key points

• Key points:
• Business credit growth slowed down in real terms.
• The financial system can withstand adverse economic scenarios: Banxico.
• Credit granted to the central region gathered momentum, offsetting the slowdown in other regions during 1Q23.
• Mexican peso and tech stocks among the best performers during the first half of the year.

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