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

Summary

In August 2023, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 3.2%, while the balance of the current credit portfolio granted by commercial banks to the private non-financial sector (NFPS) grew 5.6% annually in real terms.

Key points

• Key points:
• The recovery of demand deposits contributes to greater dynamism in traditional bank deposits.
• The growth of credit to households continues, while the business portfolio increases its dynamism in real terms.
• In 2Q23, current business credit balances increase their dynamism in the North and North Center regions.
• In Mexico, total financial savings decreased 5.3% and total financing decreased 3.1% real annual in 4Q22.
• Regime shift in long-term rates?

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