Overview
- Regulatory data show Scotiabank posted the highest delinquency ratio in August among Mexico’s G7 systemic banks, with analysts tying the trend to its roughly 46.8% loan exposure to real estate.
- Analysts report that softness in residential property and prior borrowing costs led some borrowers to stop payments, and they expect mortgage strain to linger even as Banxico’s policy rate now stands at 7.5%.
- In Sonora, Banco de México figures for Q3 2025 show a housing loan portfolio of 19,741.4 million pesos and past-due balances of 496.9 million pesos, up 85.9 million pesos from a year earlier.
- Despite higher mortgage arrears, Sonora’s overall commercial-bank delinquency rate edged down to 1.05% from 1.18%, with local economists citing improved liquidity and more careful underwriting.
- Banks with sizable government loan books, such as BBVA and Banorte, report lower delinquencies given near-zero defaults on that segment, though analysts note an roughly 11% contraction in government lending since December under the new administration.