Archive for the ‘Business Loans’ Category
Business loans falls
The development bank in Mexico held its strategy to reduce funding to the productive sector and focus on funding to states and municipalities, where the former decreased 7.8% as at November 2010 against the same month last year, while credit state entities increased 11.8% over the same period of time.
According to figures from the Bank of Mexico, private sector financing totaled 205.800 billion pesos as of November 2010, where 48.5% went to companies and individuals with business, while 41.7% were non-bank financial intermediary The remaining 10% is dispersed to other areas.
In the case of funding to states and municipalities, the development bank, Nacional Financiera headed, spent the month of November 58.100 billion pesos, 87.7% provided through direct loans and government debt securities.
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