Banking

Mexico 2019 Banking

Chastened by a credit boom and bust during the first half of the 1990s, the authorities have reformed, liberalised and privatised the banking sector while ensuring strong regulatory oversight and, in turn, relatively conservative lending practices. This explains, in part, the small size of the sector as well as the low levels of financial inclusion across the country. While the banking sector serves large corporations and the middle class relatively well, many smaller – and particularly informal – businesses struggle to access credit, and almost half of the 125.9m-strong population that lives in poverty have limited access to financial services. The authorities’ efforts to boost financial inclusion and improve financial literacy are beginning to bear fruit, however, with bank accounts becoming more ubiquitous and consumer credit levels picking up. This chapter contains an interview with Alejandro Díaz de León, Governor, Banco de México; and Carlos Serrano, Chief Economist, BBVA México.

Previous chapter from this report:
Economy, from The Report: Mexico 2019
First article from this chapter and report:
Mexican banks tipped for long-term lending growth
Cover of The Report: Mexico 2019

The Report

This chapter is from the Mexico 2019 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Carlos Serrano, Chief Economist, BBVA México
Carlos Serrano, Chief Economist, BBVA México: Interview