Alejandro González, an analyst at Intercam Banco, points out that, in May 2020, commercial bank credit to the private sector ended May with a balance of 4,985.7 billion pesos (mmdp), this implies an annual nominal growth of 8.3% , with an 11.5% increase in business credit, a 9.2% increase in housing credit and a -1.5% in consumer credit.

In his "Sector Note", the specialist believes that despite the fact that the current situation is clearly detrimental, full of uncertainty and has affected the entire world, the financial sector will be part of the solution, since it faced this crisis with delinquency levels, capitalization and solid coverage.

Complete article (Spanish)