Overview
- Banxico reported Monday that Mexico's performing commercial-bank credit rose 1.5% year-on-year in April, down from 1.8% in March, with total balances above 7.35 trillion pesos.
- Consumer loans drove Mexico's April rise, with overall consumption credit up 6.8% and auto lending climbing 11.1%, while payroll, personal and card lending all expanded.
- Credit to companies and self-employed borrowers in Mexico fell 1.1% year-on-year in April, pushing the business-lending balance past 3.75 trillion pesos and signaling weaker demand for investment financing.
- Spain recorded year-on-year increases in April—household credit +2.8%, consumer loans +11.3% and mortgages +4.1%—but monthly balances fell from March for both households and firms, suggesting short-term moderation.
- Peru's private-sector credit accelerated to 8.7% year-on-year in April, the fastest pace in over a year, with loans in soles rising to 7.4% and dollar lending to 13.4%, and banks in Mexico report stable delinquencies and strong capitalization that temper immediate systemic risk.