Business · Economy · 3 hrs ago
Bank lending to Mexico’s private sector grew 5.6% in September
Bank credit to Mexico’s private sector grew 5.6% in September, faster than the 4.0% growth recorded in August.
The figures cover lending by commercial banks and come from data published by Mexico’s central bank, Banxico.
Business lending accelerated to 5.4%, compared with 2.0% in August, while consumer credit grew 8.4%, slightly slower than the month before.
Credit card balances rose 12.3% year over year, but growth in payroll, personal and car loans eased.
The total outstanding loan balance reached 7.77 trillion pesos, about 659.9 billion pesos more than a year earlier.
The figures are preliminary and may be revised.
Bank lending to Mexico’s private sector grew 5.6% in real annual terms in September 2026, up from 4.0% in August.
The increase was driven mainly by lending to businesses and consumer credit, according to data from the Bank of Mexico.
The nominal balance of current private-sector loans reached 7.77 trillion pesos, compared with 7.11 trillion pesos a year earlier.
Consumer credit grew 8.4%, while lending to businesses grew 5.4%.
The figures are preliminary and subject to revision.
- Who
- Mexico’s commercial banks.
- What
- Current lending to the private sector grew 5.6% in real annual terms.
- When
- September 2026.
- Where
- Mexico.
- Why
- Growth was driven mainly by lending to businesses and consumer credit.
This story does not have two clearly opposing sides.
Private-sector bank lending grew 4.0% in real annual terms.
Private-sector bank lending grew 5.6% in real annual terms.
El Economista MX reported the figures from the Bank of Mexico.
- Overall growth
- 5.6% real annual increase in September 2026
- Nominal loan balance
- 7.77 trillion pesos
- Consumer credit growth
- 8.4% real annual increase
- Business lending growth
- 5.4% real annual increase
- Housing credit growth
- 1.3% real annual increase