Macro Analysis /
GlobalMexico: Banking credit – The recovery trend continues in June
Credit fell 11.8% y/y in real terms. Corporates stood at -16.9%, with consumer loans at -8.5% and mortgages at +2.9%
NPLs were unchanged at 2.8% 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
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
30 July 2021
Published byBanorte
