Mexico | Monthly Report on Banking and the Financial System. June 2021

Bank credit to the private sector fell 7.9% in March due to the performance of the consumer and business portfolios, while demand deposits continued to drive bank deposits.

Key points

• Key points:
• Demand for credit increased during the first quarter of 2021, except in the credit card and non-financial SMEs segments.
• The share of companies that used financing continued to decrease during the first quarter of 2021.
• The use of electronic means of payment rose during the pandemic.
• Markets exhibited a shift towards assets in cyclical sectors, while lower-than-expected labor data strengthened the FED's stance.

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