Macro Analysis /
Global

Mexico: Banking credit – Additional improvement in September

  • Banking credit declined 7.7% y/y in real terms. Performance seems to be benefited by improving virus conditions

  • Non-performing loans (NPLs) stood at 2.6% of the total portfolio. Consumer loans corrected lower

  • We expect credit to keep recovering in coming months

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
30 October 2021
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