Published on Thursday, June 9, 2022 | Updated on Tuesday, June 14, 2022

Mexico | Monthly Report on Banking and the Financial System. June 2022

In April 2022, the balance of traditional bank deposits exhibited a real YoY growth rate of 1.5%, while outstanding credit granted by commercial banks to the non-financial private sector (NFPS) grew 0.9% in real terms, the first real growth rate recorded since July 2020.

Key points

  • Key points:
  • Demand deposits stabilized their rate of recovery, while time deposits still show falls at an annual rate.
  • Credit to the non-financial private sector manages to register its first real growth rate after 20 months of falls, based on household portfolios.
  • Gradual recovery of financing to the private sector hand in hand with a resilient banking system.
  • In Mexico, total financing fell -3.4% YoY in real terms in 4Q21, while financial savings fell -4.4%.
  • Volatility rose as recession worries stole the spotlight in June. The Mexican peso hit its highest level since 2020.

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