Mexican banks have weathered the Covid-19 pandemic crisis well, but inflation and an uncertain operating environment remain the biggest challenges for the sector. The lenders entered the pandemic with good credit fundamentals, while liquidity and capitalisation metrics remained solid.
“We are seeing a very resilient banking system with performance continuing to improve. Mexican banks are very prudential in times of stress and also very focused on less riskier clients, such as large-cap companies, local governments or high-income individuals,” says Alfredo Calvo, senior director at S&P Global Ratings.
