Mexico’s 2013 Lending May Rise Up to 15%, Banking Group Says

Mexico’s net outstanding loans may rise 12 percent to 15 percent this year, according to an official of the country’s banking association.

The forecast is based on what the “majority” of commercial banks are estimating, Roberto Galarza, the banking industry group’s coordinator of credit to small and mid-size businesses said in an interview in Mexico City.

Mexican commercial banks’ net outstanding loans to the private sector rose 11.5 percent in 2012, according to central bank data compiled by Bloomberg.

The 2013 forecast from the banking association takes into account the continuation of lending policies and new measures banks will take up this year that could favor the sector, Galarza said, without providing details.

To contact the reporter on this story: Nacha Cattan in Mexico City at ncattan@bloomberg.net

To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net

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