Mexico | Monthly Report on Banking and the Financial System. April 2022

In February 2022, the balance of traditional bank deposits increased at a nominal annual growth rate of 6.8%, while the balance of the current loan portfolio granted by commercial banks to the non-financial private sector (SPNF) grew 5 .3% in nominal terms.

Key points

• Key points:
• Traditional banking deposits recover dynamism in February, driven by company demand deposits.
• Credit to the non-financial private sector halted its recovery in real terms, held back by the lack of dynamism in credit to companies.
• The Mexican financial system could face greater risk aversion.
• Credit contracted in almost all regions of the country in 4Q21.
• As high inflation lingers, Ukraine invasion and the FED shaped markets in March.

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