Publications

The ratio of household indebtedness to GDP remains low, although non-performing loans in credit cards are accelerating. Meanwhile, corporate foreign currency debt to domestic banks is rising, and both the corporate and banking sectors continue to roll over their external debt at high rates.

A few days ago, Bank of Spain released its Financial Stability Report, one of its top publications. Coincidentally, this report came out on the same day Americans elected their new president.

In December 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 5.1 (2.2% real). This nominal annual growth rate is half of what was registered in December 2018 (10.0%).

In October and November 2019, the nominal annual growth rates of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector were 5.7 and 5.8%, respectively (2.6% real in October and 2.8% real in November).

In June 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 8.4% (4.3% real). This growth rate was lower than that of the previous month (9.1%) and also to the rate of the same month of 2018 (13.4%).

In February 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the private sector was 10.3% (6.1% real). This rate was slightly higher than that of the previous month (10.1%) and lower than the same month of 2018 (12.0%).

In 2018, the main source of growth in bank credit granted to the private sector was that allocated to companies. Traditional deposits reverse their downward trend, albeit at a moderate pace. Consumer Credit: recent developments and analysis of the slowdown in its growth rate. Mexican corporations’ foreign debt: the scenario changes, but risks for the bank remain limited.