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

Summary

Households did not consolidate their spending pattern and increased their liquid balances again in June, while bank credit reduced the magnitude of its contraction, falling 6.1%.

Key points

• Key points:
• The SME portfolio accumulates the largest drop in outstanding balances by segment, contributing to the increase in the delinquency rate since 2016.
• Personal loans continue to show a strong contraction, with lower average origination amounts and higher interest rates.
• Commercial banks have the necessary solvency to maintain the granting of credit and face possible losses.
• Dovish FED taper talk underpinned risk asset prices in August.

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