Mexico | Traditional bank deposits in 2019 recorded the lowest growth of the last 5 years
Published on Monday, February 24, 2020
Mexico | Traditional bank deposits in 2019 recorded the lowest growth of the last 5 years
In December 2019, the nominal annual growth rate of traditional bank deposits (demand + term) was 5.5% (2.6% real), showing a slight recovery from the result observed in November (4.7%), but insufficient to reverse the slowdown observed as of August 2019.
Key points
- Key points:
- Demand deposits lose dynamism due to the slowdown in consumption and sales
- Annual growth rate of term deposits decreases in the last month of the year
- Deposits in Debt Investment Funds consolidates its growth path
- Net Internal Financial Assets improve their performance over the previous year