Weekly Report - 7 September 2004

FINANCE | Bank lending to companies shrinks. Companies still get the largest share of bank lending in Mexico, but that share has shrunk since last year, while those of other categories of borrowers have been increasing sharply. At end-July, bank lending to the private sector totalled M$609.2bn (US$53bn), of which 59.6% went to companies. While overall lending to the private sector was 9.6% higher than at this time last year, lending to companies, at M$362.9bn (US$31.6bn), was 1.8%. The next-biggest share is that of consumer lending (23.4%), which has increased by 45.9% since last year. Then comes mortgage lending (11.4% share), up 10.9%, and finally lending to non-bank financial intermediaries (6.1%), up 29.7%.

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