Non-performing loans in Mexico are growing at a worrying pace. Despite official estimates putting consumer NPLs at 5.8% of the total consumer loan market, some analysts believe that real levels are in double digits already.
"There are a growing number of consumer loans ending up as NPLs in Mexico. This emerging trend is the result of increasing over-indebtedness," says a loan financial specialist in Mexico. "Although this indebtedness is still lower than in places like the US and UK, it is reaching a worrying level for Mexico."
He...
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