🇲🇽BBVA Research: Mexico Monthly Report On Banking And Financial System

*Downward trend in consumer and business lending continued during the first month of the year

*Double-digit annual growth in bank deposits extended into January

*Shift from external sources of financing to internal ones persisted in the fourth quarter of 2020

*Having an income of over 5,300 pesos is one of the most significant factors that increases the likelihood of saving in Mexico

*Lending contracted in nearly all regions of the country in 4Q20

-According to the Bank of Mexico's Regional Economies Report1 and based on the Credit Market Assessment Survey (EECMC), during 4Q20, the percentage of companies to use commercial banking as a source of financing declined in the Central (-3.5%), North Central (-14.5%) and South regions (-2.0%), while it remained at a similar level in the North (0.7%) on a quarterly basis.

Full report here: https://www.bbvaresearch.com/en/publicaciones/mexico-monthly-report-on-banking-and-the-financial-system-april-2021/?utm_source=twitter&utm_medium=social&utm_campaign=rrssresearch&utm_term=09042021