Macro Analysis /

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

29 July 2022
Published byBanorte


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