Monterey, NL. An analysis of the Employers’ Confederation of the Mexican Republic (Coparmex), with data from the National Survey of Business Financing (Enafin), prepared by the National Institute of Statistics and Geography (Inegi) and the National Banking and Securities Commission ( CNBV) revealed that on average 77% of the companies surveyed are not considering acquire a credit this year and 23% do plan to apply for financing.
The director of Coparmex Nuevo LeonCecilia Carrillo López, explained that the decision not to seek a loan by companies is due to the rise in interest rates, due to the high level of inflation in the country.
Currently, he detailed, the target interest rate, set by the Bank of Mexico, it is located at 8.50%, when until the first half of 2021, it was at levels of 4 percent.
“By increasing the interest rate, the cost of credit becomes more expensive, and therefore, companies do not have incentives to invest, expand their plants, acquire new machinery, among others.”
“We know that Banco de México is doing everything possible to slow down this price escalation, however, the decision is counterproductive for companies that want to grow and some even survive because they need to pay their debts,” he added.
According to the survey, 79.4% of the owners of the microenterprises They are the ones who expressed the greatest disinterest in contracting a loan, and only 20% if they could seek financing. In the small segment, 75.5% have not considered it and 24.5% have perceived it as an option.
On the contrary, medium-sized companies are the ones that expressed the greatest interest in being able to contract a loan in the following 12 months, mainly to invest in fixed capital or technology, pay debts, expand the business and face losses, the survey details.
The general director of Coparmex Nuevo León said that the economic situation that the country and the world are going through is worrying, with a high inflationbecause it affects everyone in general.
“Especially to our country, because we have not finished recovering what was lost in 2020 in economic matters. And as we are seeing, increases in interest rates discourage investment, which we need so much in Mexico”, he specified.
According to the Enafin53% of companies in Mexico said they have never applied for a loan, which is important to boost productive activities.
On the other hand, of the total companies that participated in the survey, 131,839 indicated that they financed themselves with their own resources to pay for their operations, pay for transactions or some activity, whether with company profits, sale of assets, savings, contributions or resources. from partners and other sources.
