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July 2, 2020

Mexico | Monthly Report on Banking and the Financial System. June 2020

The liquidation process of Banco Ahorro Famsa begins. Consumer loans are no longer driving total private sector financing. Bank deposits reverse the weakness shown since the second half of 2019.

June 30, 2020

Mexico | The banking system shows strong fundamentals

The impairment of the employment and income indicators stemming from the COVID pandemic has brought questions about the health of banks. Despite the complexity of the current situation, it should be noted that the fundamentals of the banking system as a whole show strength to face the economic consequences of the pandemic.

June 22, 2020

Europe | Massive Demand for Liquidity to Lend to Companies

Last Thursday, we learned that eurozone banks requested a large amount of liquidity (EUR 1.3 trillion) from the ECB's fourth TLTRO III operation.

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.

June 12, 2020

Peru | Central Bank maintains the monetary policy rate at 0,25%

The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in June. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and showed greater concern for inflation, estimating it will fall below the target range this year.
  • Geography Tags
  • Peru

June 1, 2020

Peru | Year-on-year inflation accelerated slightly in May

In May, Lima's Consumer Price Index rose 0.20% m/m, above market expectations (Bloomberg Consensus: +0.04%). With May's monthly result, year-on-year inflation accelerated slightly to 1.8%YoY, from 1.7%YoY the previous month.
  • Geography Tags
  • Peru

May 29, 2020

Mexico | Monthly Report on Banking and the Financial System. May 2020

Commercial banking leads intermediation of deposits and credit to the private sector. In the first quarter of 2020, the percentage of companies that received bank credit increased. Commercial banking has the solvency required to continue granting credit and overcome possible losses.

May 29, 2020

Peru | Measures to contain the spread of COVID-19 significantly affected output in 1Q20

GDP strongly contracted in the first quarter, reflecting the measures implemented since mid-March by the Government in order to contain the spread of the new coronavirus.
  • Geography Tags
  • Peru