Mexico | Monthly Report on Banking and the Financial System. September 2026

In July 2026, the growth of outstanding credit to the Non-Financial Private Sector (2.9% in real annual terms) remained near the year's highs, driven by consumer and business lending. Deposit growth slowed to 2.3% in real annual terms, reflecting a sharp slowdown in time deposits.

Key points

• Key points:
• Traditional bank funding grew by 2.3% in real annual terms in July 2026. Demand deposits contributed 1.7 percentage points, while time deposits only contributed 0.6 points.
• The loan portfolio to the non-financial private sector grew by 2.9% in real annual terms, driven by consumer credit, which contributed 1.8 percentage points to the total dynamism.
• The Mexican banking system maintains solid levels of capitalization and liquidity.
• How big is the financial impact of Mexico's 2020 pension reform?

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