The total credit portfolio grows 93.9%

In an analysis in the months of August of the last 5 years, it is observed that the total credit portfolio of the Credit Unions almost doubled, going from 1,235 million pesos to 2,395 million, which represents a growth of 93.96%. , 1,160 million pesos to channel to productive credit, according to information published in the Bank of Mexico with data from the National Banking and Securities Commission (CNBV).

In retrospect, it is observed that in the last five years, total resources have remained stable, going from 63,898 million pesos in August 2018 to 63,862 million pesos in August of this year, which represents a negative differential of 0.06 percent .

Short term

At the end of August 2022, the balance of the total assets of the sector stood at 63,862 million pesos, with annual growth of 0.74%, mainly due to variations in cash, investments in securities, other assets and in the credit portfolio. , as reported by the National Baking and Stock Commission (CNBV).

According to the agency, the credit portfolio had a balance of 48,315.3 million pesos in August 2022, with an advance of 1.03% in the last year compared to the eighth month of 2021.

Likewise, it was noted that availabilities increased 21.19% in nominal terms during August 2022 in relation to the same month last year, registering a balance of 2,985 million pesos.

Total liabilities registered an annual growth of 0.05%, placing 51,717 million pesos.

industry leaders

At the end of June 2022, the ten leaders of the sector in terms of assets are: Ficein (6,971 million pesos), Agricultores de Cuauhtémoc (7,292 million), Industrial y Agropecuario de la Laguna with 5,515 million pesos, Alpura (4,786 million), for the Public Accounting Office it had 5,059 million, Esphera (1,932 million), DEFINE (2,515 million), De Allende (3,035 million), Concreces (1,125 million) and Progreso (262 million pesos).

For their part, the rest of the Credit Unions have assets of 22,667 million pesos, according to data from the National Banking and Securities Commission.

With reference to data from June 2022, the total assets of the Credit Unions represent 0.2% of the Gross Domestic Product and 0.5% of the penetration of the resources that multiple banks have.

reduce risk

The CNBV recommends aspects to strengthen to reduce the inherent risk, in the case of Corporate Governance: Failure to appoint alternate directors and incomplete or outdated documentation in the files of the members of the board of directors, examiners, and officials.

patricia.ortega@eleconomista.mx