Banking latest publications

September 27, 2021

Mexico | Deposits strengthened in July as formal employment and COVID cases increased

The growth of bank deposits accelerated in July due to higher demand deposits from both individuals and companies. This dynamic could be associated with a relevant growth in formal employment together with a non-generalized slowdown in consumption after the rebound in COVID infections.

September 14, 2021

Mexico | The recovery of bank credit in July has not yet resulted in annual growth rates

For the third consecutive month, the contraction in the annual growth rate of current portfolio balances to the non-financial private sector has been milder, which reaffirms that total bank credit is on the way to a recovery, although its magnitude differs across portfolios.

August 20, 2021

Mexico | Bank lending falls 6.1%, a decline of a lesser magnitude than in previous months

A milder contraction in the annual growth rate of outstanding balances for the second consecutive month provides encouraging signs that the negative impact of the pandemic on banking credit has moved past its worst point and could be on a recovery path.

July 22, 2021

Mexico | In May, credit fell 7.4%, a possible turning point in its performance.

May could represent a turning point in the dynamics of credit to the NFPS, with a smaller contraction than the one in April and a better performance of the portfolios that comprise it. An improvement in the activity and employment indicators in the medium term would consolidate a better performance in the credit market.

July 9, 2021

Mexico | Monthly Report on Banking and the Financial System. July 2021

Banco de México reiterated the resilience of the financial system in the face of the adverse shock of the pandemic, as credits granted remain weak (-8.8% YoY in April) and levels of bank deposits remain close to historical highs.

August 26, 2020

Mexico | Total credit and banking deposits slowed down again in June

In June, total credit granted to the private sector and total banking deposits slowed down as the tailwind effects associated with the pandemic (e.g. precautory savings, demand of credit lines) slowly fade and gradually leave the spotlight to the adverse effects of the economic recession.

September 19, 2019

Banking Outlook. September 2019

The net profit of the system in the 1Q'19 was EUR 3.2 Bn. The key factors were weak revenues, cost control, and lower provisions. Deleveraging has continued, although since the end of 2018 there has been a slight upturn in total lending. The NPL ratio continues to fall and profitability has improved compared to 1Q'18.

May 30, 2019

Banking Outlook. May 2019

The net profit of the system in 2018 was €12.4 billion, the highest since 2009. The key factors affecting the results were cost control and lower provisions. The deleveraging of the private sector continues and the level of NPLs maintains its downward trend. Efficiency and profitability improved compared to 2017 levels.