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

Summary

In June 2022, the nominal balance of the current credit portfolio granted by commercial banks to the NFPS grew 11.1% annually (2.9% real), while traditional bank deposits registered a nominal growth rate of 10.2% (2.1% real), maintaining the growth rate observed in the last two months.

Key points

• Key points:
• The greater dynamism of the business portfolio during June implied a better performance of credit to the non-financial private sector (NFPS).
• Term deposits resume growth after 22 months of contraction.
• The share of credit card customers who pay in full every month increased, while the fall in the balance of personal loans decreased and a relative improvement was recorded in terms of portfolio quality.
• Bear market rally for financial assets in July?

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