MEXICO CITY: Mexico’s central bank reports that commercial bank lending to the private sector rose 7.3% year-on-year (YOY) in real terms in May.
In the period between January and May 2015, monthly growth in commercial bank lending to the private sector averaged 1.0%, up sharply from an average growth rate of 0.4% in the same period last year.
Growth in bank lending in May was broad-based.
Mortgage and corporate loans rose 0.5% in monthly terms, while consumer loans rose 0.7%.
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