Macro Analysis /
Global

Mexico: The recovery of credit continues, supported by economic dynamism

  • Banking credit rose 2.9% y/y in real terms. Consumer loans remain as the main driver with mortgages lower at the margin

  • Non-performing loans (NPLs) fell to 2.6% of the total portfolio, with the three categories improving

  • Towards 3Q22 we expect credit to maintain its expansion, although with increasing risks ahead

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
29 July 2022
Published byBanorte

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