Mexico | Monthly Report on Banking and the Financial System. October 2021
Published on Friday, October 8, 2021 | Updated on Saturday, October 16, 2021
Mexico | Monthly Report on Banking and the Financial System. October 2021
Summary
The withdrawal of Accendo banking license does not represent a risk for the stabilility of the banking system. This was confirmed by the Financial System Stability Board as it stressed that the fundamentals of the system remain sound. However, concerns about the weakness of the credit granted to the private sector prevail.
Key points
- Key points:
- Corporate credit fell all over the regions during 2Q21.
- Support measures targeting Banks and ther borrowers appeared to be effective at preventing a credit crunch across Banks: BIS Quarterly Review.
- A higher for longer inflation spooked equity investors in September.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Banks
- Financial Markets
Authors
Alfonso Gurza
BBVA Research - Principal Economist
Iván Martínez Urquijo
BBVA Research - Principal Economist
Crista Pérez
BBVA Research - Senior Economist
Mariana Angélica Torán
BBVA Research - Principal Economist
Gerónimo Ugarte Bedwell
BBVA Research
Documents and files
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