Mexico | Monthly Report on Banking and the Financial System. May 2024

Summary

In March 2024, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (SPNF) registered a real annual growth of 4.9%, while the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.5%.

Key points

• Key points:
• Traditional bank deposits slow down, mainly due to lower dynamism in time deposits.
• The dynamism of bank credit to the private sector remains stable even with the boost in the consumer portfolio.
• Vulnerabilities of the private credit market due to its rapid growth.
• Caution in the face of ambiguity about the inflationary trajectory redirects investment flows towards less risky assets.

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