Mexico | In March, the credit continued to grow at double digits

Summary

In March 2019 the nominal annual growth rate of the balance of the current loan portfolio granted by commercial banks to the non-financial private sector of 10.8% (6.2% real). This rate was higher than the previous month (10.0%) and was also lower than the same month of 2018 (11.7%).

Key points

• Key points:
• In March, credit to companies grew at a higher rate than in the previous month, but its performance was not better than the average of the last twelve months.
• In March, the annual growth of consumer credit was 6.1%, which is below the average of 6.6% recorded in the last 12 months.
• In March, housing loans grew at double digits, growth that was not recorded since June 2017.

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