The figure meant a contraction of 0.4% compared to May and was the worst performance since September of last year when the credit contracted monthly 0.1%.
Financial institutions in Mexico warned, since last May, that there was a lower dynamism in the placement of credit derived from political uncertainty.
Banks are the main investor in the country, surpassing Afores, which have investments for 7.6 billion pesos, but a post -election year, as well as a lower activity of the economy affected the placement of credits to the government, to financial institutions and companies.
The figures of the CNBV in June show that the credit that the Banking gives to the government had a contraction of 4.4%, while to states and municipalities, as well as to other financial entities, they had a contraction of 1.4% each.
Credit to companies dropped 0.7%.
Housing credit faces marginal growth rates, with 0.3%, while consumption credit – which includes credit cards, car financing or personal and payroll loans – had a growth of 1.1%.
The credit placement of the bank in Mexico usually has a growth of up to three times what the economy progresses. The consensus of analysts foresee that the national GDP has an increase of 0.3%, while the bank awaits a year of growth of a digit.
“Credit to the private sector follows economic activity,” said ABM. “It has some lag, from six to nine months.”
