Given the jump that the economy took, consumer credit has also reacted favorably, with the risks implicit in default. In fact, this situation, fortunately not alarming, affects banks as well as non-banking financial institutions such as sofomes or sofipos.
The very important microfinance institutions, due to the low levels of banking penetration, also suffer from an increase in overdue loans due to inflation and the rise in rates that have made life difficult for clients.
Recently the rating agency HR Ratings that he presides Alberto Ramos released its report on the evolution of microfinance institutions with figures as of June. It uses a sample of 16 firms that it qualifies.
Accordingly, the segment’s delinquency ratio rose to 5% and 20.4% when the adjusted index is used, which includes assets written off in the last 12 months.
This segment comes from the impact caused by the pandemic in 2020 with a contraction in activity. Results were hurt and it was necessary to provide capital in many cases.
Today, microfinance institutions, says HR Ratings, which runs Pedro Latapí, They bring a capital index of 47%, more robust vs. 44.3% in June 2022.
Obviously there are challenges towards a recovery of “its profitability and delinquency levels.” HR Ratings establishes that institutions must continue to grow assets subject to risk, without harming their financial situation. Nodal the origination, monitoring and collection processes.
With a total current portfolio of 26,098 million pesos from the sample collected, the past due portfolio is 1,384 million pesos, or 5.3%. Of this, 2.4% brings a delay of up to 60 days, 2% up to 90 days and 3.5% more than that period, eternity for firms with weekly collection schemes.
The profitability, which was at an ROA (return on assets) of 3.8% in 2022, dropped to 1.6% with lower profits.
So for said segment with actors like Gentera from Carlos LabartheProvident of David Parkinsonor Nu that carries Ivan Canales To give a few examples, although it has not been easy, they remain committed to the great opportunities of a country with 60 million unbanked people. Its advancement is essential if equity is sought.
BÁRCENA WITH AMCHAM AND FOCUS ON NEARSHORING AND MIGRATION
This week the chancellor Alicia Barcena will be with the AMCHAM that he presides Daniel Baima and who directs Pedro Casas Alatriste. A couple of nodal issues: capitalizing on the opportunities of nearshoring and changing the discussion of migrants to take advantage of labor here. When talking about relocation the potential is around 120,000 million dollars, but we are not alone. Fortunately, of the investments that have reached the T-MEC area through this flow, 17% have been captured by the country. The challenge is to increase that percentage.
FINANCIAL COST ANOTHER BALLAST IN 2024 AND 3.7% OF GDP
In addition to the fiscal deficit programmed by SHCP Rogelio Ramírez de la O By 2024, the economic area of Citibanamex in charge of Sergio Kurczyn It places special emphasis on the growth of the financial cost of debt at a rate that will reach up to 20% annually. The bank anticipated that said expenditure will mean 3.7% of GDP, reaching a maximum since records have been recorded. To dimension, in 2022 health spending represented 5.5% of GDP and education spending 3.1%. Puff.
ABM GIVES OUT TO PRESSURES AND CONVENTION 2024 WILL BE IN ACAPULCO
Difficult for ABM Julio Carranza could distance itself to hold its 2024 convention somewhere other than Acapulco. Official pressure was strong. In addition, socially it would have been seen badly due to the pressures that that port goes through. The meeting will be on April 18 and 19 at the Pierre Marqués Hotel and Mundo Imperial. The capacity of 2,000 people will be a challenge.