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

Summary

The 2020 banking dynamics of lower credit granted to the private sector and a sharp increase in banking deposits were among the causes of better financing conditions for the banking system and a higher solvency.

Key points

• Key points:
• The Financial Stability Board underlines the sound conditions of the banking system
• Overspending promotes the use of informal financing, while having an account increases formal financing and credit card use: CNBV report on Credit in Mexico
• FED dovish stance along with solid corporate and economic data support risk assets in April
• Suggestions regarding dividend payments: CNBV

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