Mexico: Banking credit advances further, boosted by consumer loans
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Banking loans rose 4.5% y/y in real terms, with all categories improving. Consumer loans lead the expansion (8.3%)
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Non-performing loans (NPLs) stood at 2.4% of the total portfolio, with an increase in consumer index
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We maintain our expectation of an expansion in credit in the short-term, especially considering dynamism in consumption
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