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

As the economic recession takes its toll on employment, banking credit granted to the private sector and total deposits slowed down from April's highs. However, the Mexican banking system has a resilient capitalization profile to withstand the hardship of the current scenario as stressed by the Financial Stability Council.

Key points

• Key points:
• Finance Ministry and banking regulator announce new regulatory measures to encourage credit restructuring
• SMEs among the most benefited with the repayment holidays on loans
• On the disconnection between risky asset prices and the underlying economic outlook: BIS quarterly report
• Tech stocks sell-off and MXN volatility stand out in financial markets during September
• Credit to the private sector slows down all over the regions during 2Q20

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