Macro Analysis /
Global

Mexico: Banking credit – Slowdown in the pace of the recovery in August

  • Banking credit declined 8.6% y/y in real terms. Performance seems to be impacted by the slowdown in activity

  • Non-performing loans (NPLs) fell to 2.6% of the total portfolio. Consumer loans and corporates corrected lower

  • We expect credit to keep recovering in coming months, albeit with persistent risks which could limit dynamism

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
30 September 2021
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