Mexico | Monthly Report on Banking and the Financial System. March 2020

Summary

The credit granted by banks remained the main source of funding for the private sector. Financial intermediaries have granted one third of the formal loan portfolio to mortgage loans over the past five years. Portfolio balances mirror patterns of economic activity at the end of 2019.

Key points

• Key points:
• In January, bank credit to the non-financial private sector saw its ninth consecutive month of nominal single-digit growth
• Bank deposits show sensitivity to the risks of the economic environment
• The coronavirus pandemic is generating losses in financial markets of a magnitude not seen since 2008
• Response to the COVID-19 Contingency
• Bank accounts for individuals over the age of fifteen

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