Macro Analysis /

Mexico: 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
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

31 May 2021
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