Mexico | Monthly Report on Banking and the Financial System. March 2023

During January 2023, the real balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 4.6% YoY, while traditional bank deposits (sight + term) exhibited a real YoY fall of - 0.1%.

Key points

• Key points:
• Slight slowdown in all credit portfolios to the non-financial private sector (SPNF) during January.
• The dynamism of term deposits was not enough to maintain the growth of traditional bank deposits.
• Financial stability at the forefront as the collapse of SVB shakes market expectations and asset prices.

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