Macro Analysis /
Global

Mexico: Banking credit – Greater signs of a recovery in July

  • Credit fell 9.7% y/y in real terms. Corporates stood at -14.7%, with consumer loans at -5.8% and mortgages at +3.1%

  • NPLs were better at 2.7% of total loans, with consumer and mortgages lower

  • We expect the recovery to continue in coming months, albeit with some risks ahead

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 August 2021
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