At the end of October 2024, the balance of financing granted by commercial banks stood at 10 trillion 196 billion pesos, which meant real growth – that is, discounting inflation – of 6.3 percent, the report reveals. Monetary Aggregates of the Bank of Mexico (BdeM).
Of the components of this indicator, the financing granted to the private sector, which constitutes 67 percent of the total, was 6 trillion 824 billion pesos and increased 7.1 percent annually.
For its part, financing to the federal public sector, which represents 25 percent of the total financing granted by commercial banks, stood at 2 trillion 509 billion pesos, which implied a positive variation of 9 percent.
The balance of financing to states and municipalities, with a 3 percent share of the financing granted by commercial banks, stood at 353 billion pesos, a decrease of 11.3 percent.
Finally, the balance of financing to other sectors, which includes financing to the Institute for the Protection of Bank Savings (IPAB) and the National Infrastructure Fund (Fonadin), and which makes up 5 percent of the total, stood at 509 thousand million pesos, a reduction of 1.6 percent.
Development institutions placed 3.1% more credit
Regarding the financing of development banks, that is, the one managed by the federal government, it closed October at a level of 2 trillion 154 billion pesos, which meant an annual growth of 3.1 percent.
Of this amount, 740.8 billion pesos corresponded to financing channeled to the private sector, with a participation of 35 percent of the total, an annual increase of 14.5 percent.
Financing to states and municipalities, which represents 13 percent of the total, reported a balance of 287.7 billion pesos, a reduction of 2.3 percent.
The delivery of resources to the federal public sector, which is equivalent to 41 percent of total financing, stood at 889.6 billion pesos, which implied an annual decrease of 0.6 percent.
Finally, the balance of financing to other sectors, which includes that received by IPAB and Fonadin, and which represents 11 percent of the total, stood at 235.8 billion pesos, showing a negative rate of 6.6 percent.
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#Bank #financing #rose #October
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