This Thursday the Banking Convention in Mexico formally begins, the annual meeting of the union that will bring together bankers, specialists and the media to talk about the system.
Eight days before, the also classic themes were on the table: strength of the system, penetration in the economy, economic situationetc.
But, in a matter of hours, an issue was positioned and, despite the fact that any contagion in Mexico will certainly be ruled out, which is a fact, the ghost of the Silicon Valley Bank bankruptcy will not stop being in the environment, a little far from the country, but not that far, just past the rio bravo.
Credit caution, to put it mildly
What will also be a fact, although the bankers will say it differently, is that The bankruptcy set off the alerts in the Mexican banks and will at least have an impact on a phenomenon: credit caution.
The banks that operate in Mexico have shown signs of solidity and resilience, it is a conclusive and demonstrable fact. Therefore, They will not modify, much less relax, the discipline that has led them to be resilient to the various crises of others. that they have had to overcome in these years.
The success in credit management by Mexican banks is irrefutable. Those years of the bankruptcy of 1995 were far away; in fact, those generations of bankers are about to disappear.
Today the bank has practically 6 trillion pesos in total credits and, above all, a low past-due portfolio rate, extremely manageable, plus a regulatory system that has various early warning mechanisms, ready to avoid any major disaster.
concentrated banking
What is also true is that the Mexican banking system is highly concentrated, there are around 7 banks that really carry the weight of the Mexican banking market in general and the credit segment in particular.
At the end of last year, BBVA, Banorte and Santander monopolized the credit portfolio of commercial banks with 52 percent of the 6 trillion pesos placed in the Mexican credit market.
BBVA is in the first position in terms of credit placement with a balance of 1.5 trillion pesos, in closed numbers, equivalent to practically a 25 percent share of the totalthat is, a quarter.
Further away is Banorte, with a portfolio of 855 billion pesos and a 15 percent market share. Santander, for its part, has a portfolio of 785 billion in closed numbers, equal to 14 percent of the total.
Currently, 50 institutions operate in the country.
BBVA leads in almost all credit segments: companies with 21 percent; consumption 30 percent and housing 26 percent.
However, in personal loans Banco Azteca is ahead, the same as in those destined to the acquisition of personal property and in other consumer loans.
In microcredit, the leading institution is Compartamos Banco, specialized in this segment, followed by Santander.
Of the total credit portfolio, 3.6 trillion corresponded to the commercial portfolio, 1.11 trillion to the consumer portfolio and 1.14 trillion to the housing portfolio.
Regarding delinquency, the Delinquency Index (Imor) was located last June at 2.3 percent, against 2.5 percent in June 2021.
These and other indicators for the banking system are a good cover letter when a mini-banking crisis broke out a few kilometers from our country. But more caution in the credit market will be inevitable, and that will translate into something: less development.
Closure of government accounts, another front?
Also a few hours before the Banking Convention begins, the Federal Treasury announced the closure of all government accounts in commercial banks.
Subsequent statements pointed out that it was simply a rearrangement, to close accounts that were not used and give order to the management of government financesbut the truth is that many suspicions were raised.
The information is still very confusing. But, everything indicates that it will be a more unexpected matter that will be around the event, something that a few hours before was not considered on the radar.
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