Mexican Banks’ Outstanding Loans Rose 16 Percent at End of 2011

Mexican banks’ outstanding loans increased 16 percent from a year earlier to 2.46 trillion pesos at the end of 2011, the National Banking and Securities Commission said.

Consumer credit rose 24 percent and mortgages climbed 14 percent, the commission said today in an e-mailed statement. Credit to companies rose 16 percent and credit to states and municipalities increased 12 percent.

To contact the reporter on this story: Jonathan Roeder in Mexico City at jroeder@bloomberg.net

To contact the editor responsible for this story: Jonathan Roeder at jroeder@bloomberg.net

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