Bloomberg News

Mexico’s Bank Lending Rose 9.7 Percent in November

December 30, 2011

(Corrects to fix amount of lending to trillion from billion pesos in second paragraph.)

Dec. 30 (Bloomberg) -- Mexico’s bank lending, excluding loans from development banks, rose 9.7 percent in inflation- adjusted terms in November from a year earlier, the nation’s central bank said today in a report published on its website.

Commercial banks lent a total of 3.08 trillion pesos, Banxico, as the central bank is known, said in its monthly lending report.

Loans to consumers increased 19.2 percent while mortgages rose 4.1 percent, the report showed.

Bank lending, excluding from development banks, rose 12.3 percent in inflation-adjusted terms in October, the nation’s central bank said in a report published Nov. 30.

--Editor: Jose Enrique Arrioja

To contact the reporter on this story: Jose Enrique Arrioja in Mexico City at jarrioja@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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