Mexico | Bank credit to the private sector stabilizes its growth rate

Summary

In August 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 8.9% (5.5% real). This growth was slightly higher than the previous month (8.6%) but less than the growth registered in August 2018 (11.9%).

Key points

• Key points:
• Rebound in the dynamism of credit to companies reflects the valuation effect of the exchange rate
• Consumer credit keeps pace of growth thanks to the performance of credit cards and payroll credit
• The housing loans maintains double-digit growth in August

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