February 10, 2020
Credit latest publications
In December 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 5.1 (2.2% real). This nominal annual growth rate is half of what was registered in December 2018 (10.0%).
Nonfinancial business debt has increasingly come to the attention of economists working in the spheres of policy and finance. The main reason is the relatively high ratio of business leverage, and is recognized as a potential source of financial instability.
Auto lending loses momentum, reflecting weak sales and increased cost of financing. New financial inclusion study with geographical focus. Housing prices rose by 8.4% in the third quarter of 2019. Credit slowdown and divergence among regions.
January 20, 2020
Mexico | Bank credit to private sector has been growing at a single digit for seven months
In October and November 2019, the nominal annual growth rates of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector were 5.7 and 5.8%, respectively (2.6% real in October and 2.8% real in November).
Following the crisis, the financial system was extensively reformed to strengthen microprudential regulation, focused on individual entities, and macroprudential regulation, to prevent the accumulation of imbalances in the whole system that may affect the real economy.
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.
The International Monetary Fund (IMF) has reported on the results of the annual assessment of the Mexican economy for 2019. The IMF approves a new flexible credit line for Mexico. Commercial banking contributed to growth in 1H19. Adjustments for securities operations. Amendments for bank correspondents.
In this Watch, the structural factors that allow us to explain the cyclical behavior of the Spanish economy during the first half of 2019 are evaluated, and the impact of the main changes affecting GDP.