Macro Analysis /

Mexico: Banking credit keeps rising, driven by consumer loans

  • Banking loans rose 2.2% y/y in real terms, driven by a higher economic dynamism, not ruling out an impact from inflation

  • Non-performing loans (NPLs) stood at 2.7% of the total portfolio, with a modest uptick in consumer loans

  • We expect banking credit to extend its growth. However, we see risks regarding inflation and higher interest rates

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

30 June 2022
Published byBanorte


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