1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Bank Lending Market Trends
Mexico Retail Banking: Opportunities and Risks to 2023

Mexico Retail Banking: Opportunities and Risks to 2023

  • March 2020
  • 40 pages
  • ID: 5893585
  • Format: PDF
  • GlobalData

Summary

Table of Contents

Search Inside

Mexico Retail Banking: Opportunities and Risks to 2023

Summary
Mexico’s total loan balances outstanding (including residential mortgage balances outstanding, personal loan balances and credit card balances) recorded a CAGR of 9.9% during 2014-18, to reach MXN3.8tn ($193.5bn) in 2018. The country’s household debt, which witnessed a sharp increase in the review period, is far behind in magnitude when compared to other developing economies of the world.

The majority of Mexican loan balances outstanding are from home loans; residential mortgage balances outstanding accounted for 63.3% of total balances outstanding in 2018, followed by personal loans (26.1%) and credit card loans (10.6%). The economy witnessed a slowdown in its performance due to falling industrial production and growing uncertainties regarding trade relations with the country’s key trade partner, the US. In addition, the pace of employment growth has been moderate, with a decline in government spending on employment benefits and pensions. In such a scenario, a hike in lending rates can adversely impact households’ solvency. As a result, the analyst estimates Mexico’s total loan balances outstanding to grow at only a comparatively lower CAGR of 7.6% over 2019-23.

Mexico’s gross household savings rate stood at 16.32% in 2018; the highest when compared to its peers, reflecting a consumer preference to save rather than spend. In addition, factors such as an increase in deposit rates, as well as rising average annual wages and an improving employment market, further drove the Mexican retail deposits base. Consequently, retail deposit balances in Mexico grew at a high CAGR of 11.3% during the review period.

Based on our proprietary datasets, this report analyzes the Mexicanlending market, with a focus on the consumer lending segment.The report discusses in detail the credit card, personal, and mortgage loan markets, covering market size, competitors’ market shares, and survey insights.

The report also provides a market overview and insights on the retail deposit segment. In addition, it covers the key digital disruptors in the Mexicanretail lending segment.

Scope
- Residential mortgage loans in Mexico registered a review-period CAGR of 8.9%. The growth was supported by a rise in income and employment levels in the economy as well as low interest rates on such loans.
- The Mexican personal loans market recorded a review-period CAGR of 13.8%. The growth was due to a rise in income and employment levels in the economy, as well as low interest rates.
- Credit card balances outstanding recorded a CAGR of 6.9% during 2014-18, even though the country has a low credit card penetration.

Reasons to Buy
- Make strategic decisions using top-level historic and forecast data onthe Mexicanretail lending industry.
- Identify the most promising lending segment.
- Receive detailed insights into lending in Mexico, including consumerlending.
- Understand the changing market and competitive dynamics by learning about new competitors and recent deals in the retail lending space.
- Receive comprehensive coverage of the retail deposit market in Mexico.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on