Overview

• Official data for June show private‑sector loan irregularity at 2.9%, with household delinquency at 5.2% and company loans at 1.1%.
• Consumer credit quality worsened, as credit‑card arrears rose to 4.4% and personal‑loan delinquency to 6.4%, marking steep year‑over‑year increases.
• Despite rising arrears, real peso lending to firms and households grew 4.2% in June, though the end of LEFIs and subsequent tightening foreshadow a slowdown in new credit.
• Sectoral strains diverge: dollar loans to agriculture jumped 133% year over year, livestock borrowers face roughly 47% annual peso rates, and a Mar del Plata report cites a 193% rise in SME delinquency to 1.5%.
• Regionally, BBVA México reports credit demand stagnation in Q2 2025, with the loan book up 5.4% in real terms year over year in June.