Mexico | Monthly Report on Banking and the Financial System. June 2024.

Summary

In April 2024, the balance of traditional bank deposits (sight + term) registered a real YoY growth rate of 3.6%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) recorded real YoY growth of 5.6%.

Key points

• Key points:
• Traditional bank deposits continue to slow down despite the recovery in term deposits.
• Current credit to the non-financial private sector increases its dynamism driven by the consumer and business portfolios.
• The Mexican financial system maintains a solid and resilient position, considering possible adverse scenarios.
• Negative performance of domestic assets as idiosyncratic risk spikes.

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