Mexico | Monthly Report on Banking and the Financial System. May 2019

Summary

The CNBV publishes a new financial education indicator. The dynamism in private sector credit in 1Q19 reflects moderation in economic activity. Trade Tensions between the USA and China Increase Risks for Global Growth.

Key points

• Key points:
• Corporate financing remains the main source of momentum for bank credit.
• Traditional deposits slow down reflecting the moderate dynamism of demand deposits.
• Bank of Mexico: Adjustments in the use of employment benefits to endorse financial services contracted by workers and guidelines for the provision of payroll services.
• Banxico: Digital Collection and adjustments to the Interbank Electronic Payments System.

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