Macro Analysis /
Global

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

Banorte
31 May 2021
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