Mexico | Monthly report on banking and the financial system. March 2025.

Summary

Despite the economic slowdown, credit granted by commercial banks to the private sector grew 14.4% YoY in nominal terms. The balance of traditional bank deposits also grew at a nominal rate of 10.2% YoY. In both cases, businesses were the main driver behind this growth.

Key points

• Key points:
• Traditional bank deposits slowed down in January.
• Current credit to the non-financial private sector accelerated during the first month of the year.
• US exceptionalism fades as the Trump administration proceeds with tariffs.

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