Macro Analysis /
GlobalMexico: Banking credit – Further fall in April on a more difficult base effect
Banking credit fell 14.6% y/y in real terms in April, dragged by an adverse base effect in corporate loans
NPLs were unchanged at 2.9% of the total portfolio, albeit with a relevant decline in consumer loans
We expect credit to improve in coming months, benefiting from a less challenging base effect
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
31 May 2021
Published byBanorte
