The growth rate that recorded this type of financing was 8.3% this year, a figure below 10.4% of 2024.
Since last May, the Association of Banks of Mexico (ABM) had warned that the first economic slowdown signals had been reflected in the banks of the banks.
And it is that the formal employment before the IMSS has been in consecutive months in negative figures and one of the requirements to obtain a payroll loan is the verification of income by depositing the payroll in the bank.
BBVA, Banorte and Banamex are the three main plates of this type of financing.
Regulatory changes
Last Friday, Banxico published a new Financing scheme in which it allows banks to offer this type of credit even though the interested party does not have their payroll account with them.
“It will result in better credit conditions for workers, allowing them to freely choose the institution that offers them the credit that is most convenient,” said Banxico in a statement.
This change in regulation occurs in the midst of the intentions of other banks such as nu or ualá to expand its product offer.
