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

Summary

Housing credit from commercial banks registered better granting conditions and a recomposition in their destination, while the automotive segment showed a drop in real terms, despite offering better conditions on both terms and interest rates. Business credit fell 3.1% YoY during August.

Key points

• Key points:
• Bank deposits were stronger than expected in August.
• Business credit exhibited a YoY contraction for all productive activities.
• During 2020, electronic transfers and correspondent banks increased, in parallel with a reducition in the number of branches.
• Higher-than-expected corporate reports maintain risk appetite despite the increase in prices.

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