Banco de México reports that housing portfolio grew during June
The balance of the housing loan portfolio by the banks showed real annual growth of 5.5% in June, slowing down its growth rate compared to the previous months, but maintaining an upward trend.
According to information from Banco de México (Banxico) through its monetary aggregates and financial activity as of June, a year ago it grew at a rate of 6.4% per year and in December 2019 it reached an advance of 7.6 percent. These figures indicate that the growth rate of the banking mortgage portfolio has slowed, but it is still a positive development amid the great economic contraction that occurred.
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