In January, the balance of bank collection reached 8 billion 948 thousand 508 million pesos – which represents the third part of GDP -, amount 6.4 percent higher in real terms if compared to the 8 billion 116 thousand 470 million reported in the same month last year, they show official figures of the National Banking and Securities Commission (CNBV).
These are all the resources obtained by private banks through the savings of people, in products such as checks and promissory notes, among others.
January data show that Mexicans still take advantage of the yields offered by these financial intermediaries because of the high interest rates.
In January last year, the balance of bank collection grew at a rate of 3.6 percent in real terms, according to the information of the CNBV. At that time, the reference rate of the Bank of Mexico (BDEM) was 11 percent, its maximum level since there are records.
The seven banks with the greatest presence in the country, BBVA, Santander, Banamex, Banorte, HSBC, Scotiabank and Inbursa, concentrate 48 percent of the total collection, with a portfolio that together adds 4 billion 383 thousand 874 million pesos.
The capture is divided, mainly, into two major segments: the deposits of immediate availability, which are those with which the savers obtain lower returns, but can withdraw their resources at any time, and those in the deadline, those that require being protected for a while, but grant greater returns.
In this sense, the balance of the portfolio of immediate availability deposits stood at 5 billion 568 thousand 736 million pesos, while a year ago the amount was 5 billion 53 thousand 466 million pesos, which implies a growth of 6.3 percent in real terms, according to official information.
For this type of deposits, the total private banks operating in the country paid interest to the savers for 14,580 million pesos.
Regarding the resources deposited in installments, the balance stood at 2 billion 73 thousand 638 million pesos, an increase of 2.2 percent in real terms if compared to what was reported in January of the previous year, which was a billion 954 thousand 476 million pesos.
For these deposits, which are the ones that offer the greatest yields, banks paid interest for 18,488 million pesos.