IMF Staff Country Reports

Mexico: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing

Publication Date:

December 8, 2022

Electronic Access:

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Summary:

Mexico has a resilient financial system but a low level of financial inclusion. The financial system is smaller than in peer countries and is dominated by commercial banks that have had large capital and liquidity buffers for years. Despite these buffers and the high profitability in the banking sector, credit growth has been low due to both supply and demand factors, with banks targeting mainly the prime segments of the economy. The COVID-19 pandemic has had a limited impact on the financial system, reflecting a mix of resumption in mobility and support from global and domestic policies.

Series:

Country Report No. 2022/359

Subject:

International organization Monetary policy

Frequency:

regular