CenBank: Private sector loans up 15% in Sept.

Mexico's commercial banks had performing private sector loans worth 477bn pesos (US$43.4bn) at the end of September, a 15% increase compared to the 415bn pesos a year ago, the central bank said in its monthly statement on the evolution of the banking sector. Consumer loans posted the biggest jump, growing 46% year-over-year to 101bn pesos. Loans to corporations and businesses grew a modest 8.7% to 300bn pesos during the same period. Mortgage loans climbed 5.9% to 52.2bn pesos, and loans to non-banking financial intermediaries fell 14.6% to 23.6bn pesos. Performing loan figures are an indicator of the evolution of new loans, according to the central bank. Total private sector lending - including performing, nonperforming, and reprogrammed loans - stood at 548bn pesos end-September, up 8% from a year ago. Of that amount, consumer loans accounted for 104bn pesos; a year-on-year increase of 42.2%, while corporate and business loans grew 1.7% to 355bn pesos. Overall home loans were up 3.3% to 59.5bn pesos and loans to non-banking financial intermediaries rose 7.1% at 29.6bn pesos. The country's commercial banks had 1.34tn pesos in assets at the end of September, an increase of 7.7% from a year ago, the central bank reported.