Banking Sector: Credit Growth Will Pick Up

BMI View: A recovering Mexican economy will encourage greater demand for credit in the coming quarters. Growing deposits, low unemployment and rising access to financial services, will ensure stability in the sector as loan portfolios expand.The outlook for Mexico's commercial banking sector is improving, as a five-year (2010 to 2014) deceleration in economic growth comes to an end. A strengthening consumer, bolstered by declining unemployment and low inflation, will drive a...

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