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

Summary

During 2020 banking intermediation showed resiliency but was not unscathed. Bank deposits grew at double digits, however, credit to the private sector dropped for the first time in the last ten years. In 2021, investment and employment growth will be key for the strength of the sector.

Key points

• Key points:
• Financial savings remained strong during the 3Q20
• Risk asset prices were hit in February as higher rates got into the narrative
• Financial authorities and banking institutions announced a series of actions in support of migrants and their families

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