Mexico | Monthly Report on Banking and the Financial System. October 2020

Summary

In August the credit and deposits of the banking system exhibited more clearly the consequences of the economic recession. However, the stress test carried out by the Stability of the Financial System Board, underlined that the banking sector has liquidity and solvency conditions to withstand adverse economic scenarios.

Key points

• Key points:
• Close to 20% of the banking system's loan portfolio benefited from the repayment holidays program
• Mortgage loans rates stand at their lowest of the last three years
• Ahead of the US presidential elections, global risk aversion resumed in financial markets as COVID cases spiked
• The CNBV made adjustments to regulatory facilities

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