Searcher
Searcher
See main menu

Published on Thursday, September 19, 2024 | Updated on Thursday, September 26, 2024

Mexico | Monthly report on banking and the financial system. September 2024

Summary

The economic slowdown is already showing effects on banking activity. In July, credit to the non-financial private sector registered a widespread weakening, while traditional deposits grew less than in June, even considering the boosting effect of the exchange rate depreciation.

Key points

  • Key points:
  • Traditional bank deposits reduce their growth due to the slowdown in demand deposits.
  • Credit to the non-financial private sector showed a widespread weakening.
  • The percentage of companies that used bank financing decreased in 2Q24.
  • Can any lessons be drawn for today's context from the most recent FED easing cycles that began with a 50bp cut?
  • Opportunities in the design of SME policies to improve their access to financing.

Geographies

Topics

Documents and files

Report (PDF)

Reporte-Mensual-de-Banca-y-Sistema-Financiero_sep24_ENG.pdf

English - September 19, 2024

Report (PDF)

Reporte_mensual_banca_sf_sept24.pdf

Spanish - September 19, 2024

Authors

IM
Iván Martínez Urquijo BBVA Research - Principal Economist
MT
Mariana Angélica Torán BBVA Research - Principal Economist
LC
Leonardo Said Cruz Rangel BBVA Research - Intern
EH
Emilio Hernández Guerrero BBVA Research - Intern
New comment

Be the first to add a comment.

You may also be interested in