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Deposits

Deposits 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 7, 2021

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

In 3Q21, the percentage of companies that obtained financing increased, while the recovery in demand for automotive credit has lagged in comparison to other segments. In a context of increased volatility in financial markets, the International Monetary Fund renewed a USD 50 billion flexible credit line for Mexico

November 24, 2021

Mexico Banking Outlook. Second half 2021

The banking system maintains solid capital and liquidity levels that allowed it to weather the effects of the pandemic and will help sustain a more vigorous financing recovery. The nominal growth of financing to the Non-Financial Private Sector recovered 7.2 percentage points between April and September.

November 5, 2021

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

Housing credit from commercial banks registered better granting conditions and a recomposition in their destination, while the automotive segment showed a drop in real terms, despite offering better conditions on both terms and interest rates. Business credit fell 3.1% YoY during August.

October 28, 2021

Mexico | Banking deposits confirmed its strength in August

Fundamentals have been overweighted by Pandemic dynamics when explaining banking deposits, as consumption constrains and precautionary savings have supported sight deposits since March 2020. Going forward, the absence of a winter COVID wave could pave the way to a normalized behavior of consumption and savings.

October 8, 2021

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

The withdrawal of Accendo banking license does not represent a risk for the stabilility of the banking system. This was confirmed by the Financial System Stability Board as it stressed that the fundamentals of the system remain sound. However, concerns about the weakness of the credit granted to the private sector prevail.

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 6, 2021

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

Households did not consolidate their spending pattern and increased their liquid balances again in June, while bank credit reduced the magnitude of its contraction, falling 6.1%.