Credit to private sector

Credit to private sector latest publications

January 12, 2022

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

During October 2021, traditional private sector deposits increased in real terms, driven by employment and the rate hike cycle. The current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 0.2% in nominal terms.

December 23, 2021

Differentiated recovery of credit and deposits in the face of moderation of the pandemic.

The reduction in COVID-19 cases during October seems to have influenced a heterogeneous boost to credit, while the relevant rise in formal employment and the cycle of monetary tightening were reflected in an incipient change in the trend of term deposits.

October 22, 2021

Mexico | Business portfolio lags recovery of total credit, which fell 3.1% in August.

In August 2021, the nominal balance of the current loan portfolio granted by commercial banks to the non-financial private sector fell 3.1% annually (-8.3% in real terms). By credit aggregates, the annual nominal variations were: consumption, -0.3%; housing, 9.4%, and business, -8.4%.

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.

June 11, 2021

Mexico | In April, credit fell 8.8% due to base effects and inertia in the recovery

In April 2021, the nominal annual contraction of current commercial banking credit to the non-financial private sector was -8.8% (-14.1% real). Despite the improvement in some indicators of economic activity, the different portfolios showed a lag in their recovery.

March 18, 2021

Mexico | Credit to the non-financial private sector with second decline in nominal terms

In January 2021, the balance of current credit granted by commercial banks to the non-financial private sector once again registered an annual fall in nominal terms, which was -1.3% (-4.6% in real terms), practically the same as that observed in December (-1.2%).