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

Summary

In March 2023, the balance of traditional bank deposits registered a real annual variation of -0.3% (6.5% in nominal terms) , while the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) exhibited a real annual growth of 5.1% (12.3% in nominal terms).

Key points

• Key points:
• In March, the real annual performance of traditional deposits (demand + time) remains in negative territory, despite the dynamism of time deposits.
• The real balances of bank financing to households increased their dynamism.
• The Mexican financial system shows a solid and resilient position in the face of an outlook of increased risks.
• Lack of direction for risky asset prices as banking turmoil persist and debt ceiling lurks.

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