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This note analyzes financial inclusion based on the historical behavior of the number of accounts and the balances of savings accounts (savings, transactional accounts, payroll accounts, and term deposits) at the national and state level with information as of the end of 2024Q2.

In December 2023, the CNBV presented the latest update of its quarterly database on Financial Inclusion for 2023-2Q (financial services of banking and Popular Savings and Credit Entities). This note describes some results and compares them with the information before the pandemic.

Slightly more than half of the upturn in bank deposits between February 2020 and April 2021 can be explained by the increase in demand deposits from individuals. How much longer will this trend last? The answer will be known in the coming month…

Traditional bank deposits (sight + term) continued to grow in February, supported by the sight segment and despite the fall in the balance of time deposits during the last ten months. However, within sight deposits, there were changes in terms …

The month of January is usually a weak one in terms of banking deposits as a consequence of the payment of year-end related expenses, the seasonal unemployment and the rise of some prices. In spite of this, banking deposits showed resilience.

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.

In November 2020, recent trends in MoM growth of bank deposits were reinforced. On the one hand, sight deposits rose again supported by savings from individuals. On the other hand, term deposits kept falling in a context of lower rates and a historical recession .

In August, total demand deposits' (Sight deposits + Term deposits) monthly growth rate slowed down further, as a result of another monthly decline in Term deposits and the first monthly drop of Sight deposits from individuals in the last six mo…

Bank deposits in July maintained the trend observed during the last two months. The balance of the bank's traditional deposits was lower in July compared to the previous month, both in its demand and in its term segments, in real terms.

The momentum of non-financial private sector credit is partly based on the accounting effect of exchange rate depreciation. Companies use their credit lines to cover liquidity needs in face of the health emergency. Consumer loans are no longer …

In March 2020, the nominal annual growth rate of traditional bank deposits (demand + term) was 13.9% (10.9% real), showing an unusual increase compared to the result observed in February (when it registered nominal growth of 5.8%) and in March 2019 (month in which it grew 7.7%).

During the month of January, bank deposits remained weak due to the stagnation of economic activity and lower short-term interest rates.