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Mexico | Unexpected double-digit growth in traditional bank deposits during 2020

Published on Friday, February 19, 2021 | Updated on Saturday, February 20, 2021

Mexico | Unexpected double-digit growth in traditional bank deposits during 2020

Deposits was the component of bank intermediation that most changed its trend as a result of the pandemic. As of last March, it became aware of the continuous increase of this component, which closed 2020 with 10 consecutive months with double-digit nominal annual growth rates.

Key points

  • Key points:
  • Why was the behavior of bank deposits in 2020 different from what was observed in other recessive periods?
  • After the "Buen Fin" (Good Weekend), individuals resumed their pattern of accumulation of liquidity in December
  • Debt Investment Funds cede ground to their Equity counterpart during 2020

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