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June 18, 2020

Mexico Banking Outlook. First half 2020

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 driving total private sector financing.

May 22, 2020

Mexico | Traditional bank deposits register a short-term rebound

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%).

March 13, 2020

Mexico | Bank deposits remain vulnerable to risks in the economic environment

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

February 24, 2020

Mexico | Traditional bank deposits in 2019 recorded the lowest growth of the last 5 years

In December 2019, the nominal annual growth rate of traditional bank deposits (demand + term) was 5.5% (2.6% real), showing a slight recovery from the result observed in November (4.7%), but insufficient to reverse the slowdown observed as of August 2019.

January 24, 2020

Mexico | Traditional deposits maintains slowdown in the last quarter of 2019

In November 2019, the growth of bank deposits maintained its deceleration trend compared to what was observed at the beginning of the year, although it registered a marginal advance with respect to October, which may be associated with seasonal factors.

December 18, 2019

Mexico Banking Outlook. Second half 2019

In the first nine months of 2019, the main source of growth in bank credit to the private sector was business loans. Commercial bank deposits lose dynamism. Weakness of external financing sources is influenced by concerns regarding the global economic cycle and internal uncertainty.

November 22, 2019

Mexico | Economic weakness prevails in the lower growth of bank deposits

During September 2019, bank deposits seems to have been more influenced by the prolonged weakness of economic activity in Mexico than by the environment of lower interest rates. This was reflected in a slower pace of joint growth of demand and term deposits, a fact that has not been observed since December 2018.

October 25, 2019

Mexico | Trend change in the annual growth rate of the components of bank deposits

The signal of change in the dynamics of the fundraising of the banking sector was confirmed in August. The beginning of the cycle of cuts by the central bank of the short-term interest rate influenced so that the term deposits grew to its lowest level in almost two years.