Mexico | Credit to private sector grew 11.6% in August driven by consumer & firms credit
Published on Tuesday, October 6, 2015 | Updated on Tuesday, October 6, 2015
Mexico | Credit to private sector grew 11.6% in August driven by consumer & firms credit
In August 2015, the balance of performing loans granted by commercial banks to the private sector registered a nominal annual growth (YoY) of 11.6% (a real 8.8%), higher than in both July 2015 (10.6% YoY) and August 2014 (7.6% YoY). This was the result of a higher growth rate in consumer credit (7.2% vs 6.7% in the previous month) and in credit granted to firms (13.6%)