Mexico Banking Outlook. First half 2021

Summary

The banking system has maintained outstanding capital and liquidity levels, which up to now have allowed it to face the adverse effects associated with the pandemic.

Key points

• Key points:
• Financing to the public sector through securities continued to grow, while financing to the private sector deepened its contraction. The housing portfolio maintained a certain dynamism, while the consumer and business portfolio still registered contractions
• The banking support and actions programs have managed to keep the delinquencies of the different portfolios at manageable levels
• The dynamism of traditional deposits is maintained, supported by family savings
• The lower appetite of non-residents for domestic assets is maintained. The public sector increases the use of internal financing
• The issuance of corporate debt in Mexico was reduced influenced by the pandemic

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