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Published on Thursday, May 5, 2022 | Updated on Wednesday, May 11, 2022

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.

Geographies

Documents and files

Report (PDF)

MensualBanca_May22_Final.pdf

Spanish - May 5, 2022

Report (PDF)

Mensual_Banca_May_2022_ENG.pdf

English - May 5, 2022

Authors

JG
Jesús Eduardo García Tapia
AG
Alfonso Gurza BBVA Research - Principal Economist
GL
Gabriela López BBVA Research - Senior Economist
IM
Iván Martínez Urquijo BBVA Research - Principal Economist
MT
Mariana Angélica Torán BBVA Research - Principal Economist
GU
Gerónimo Ugarte Bedwell BBVA Research
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