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

Summary

In March 2022, the balance of traditional bank deposits registered at a nominal annual growth rate of 7.8%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) registered a nominal annual variation of 6.9%.

Key points

• Key points:
• The dynamism of deposits returns to positive ground in March, after 12 consecutive months of falls in real terms.
• Credit to the non-financial private sector continues its recovery, driven by household credit portfolios.
• The balance of risks for the financial system showed a slight deterioration.
• A widespread market sell-off in April, as inflation and higher rates could weigh on consumer demand.

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