Mexico | Monthly Report on Banking and the Financial System. September 2022

Summary

In July 2022, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew at a real annual rate of 3.2%, while traditional bank deposits (demand + term) registered a real annual growth rate of 1.9%.

Key points

• Key points:
• Credit to the non-financial private sector maintained its recovery in July.
• Demand deposits are still the main source of boost to bank deposits, but term deposits are beginning to gain ground.
• The share of companies that use financing to restructure liabilities increased during 2Q22.
• Banks anticipate a tightening of general credit conditions for large companies and non-banking financial intermediaries.
• In August, the restrictive tone of the FED once again put pressure on financial conditions after the gains experiences in July.

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