Three out of 10 companies have access to credit

Please Rate Vote 1 Vote 2 Vote 3 Vote 4 Vote 5

 

The companies said that in the second quarter of 2012 faced more favorable compared to the previous quarter

GUADALAJARA, JALISCO (19/SEP/2012.) - In the second quarter of 2012, three out of 10 Mexican companies obtained new bank loans.

According to the results of the Quarterly Survey of Credit Market Conjunctural Assessment, conducted by the Bank of Mexico, the companies agreed to bank financing have faced expressed more favorable conditions the previous quarter in terms of deadlines and amounts offered and best interest rates.

The central bank also reported that in the period from April to June this year collateral requirements and commissions and other expenses associated with bank loans remained virtually unchanged.

As for the conditions to refinance loans and credit resolution times, the perception of credit applicants was less favorable compared to the previous quarter.

 

Bank credit

The results for the second quarter of 2012 show that 52.6% of companies surveyed had bank loans at the beginning of the quarter, higher than the previous quarter (45.5 percent).

In turn, 48% of companies with up to 100 employees said they had bank loans, while the proportion for all companies with more than 100 employees was 55.3 percent.

The percentage of firms obtained new bank loans was 29.8%, while in the first quarter of 2012 was 24.4 percent. With respect to total financing companies not hired, 61.6% said they did not apply, 5.4% said they applied for credit and is being authorized and 1.4% indicated that they applied for credit and was not authorized. In turn, 1.8% reported that although the credit requested rejected on the grounds that it was very expensive.

The main sources of financing for qualified offeror companies were reported by providers, with 78.4% of firms (82.9% on the previous quarter), commercial banks, with 39.3% of the companies (35.2% in the quarter prior), other companies in the corporate group and / or the home office, with 21% of the total (25.5% in the previous quarter), foreign banks, with 4.3% of the companies surveyed (6.2% in the previous quarter), the debt issuance, with 2.5% of companies (3.4% in the previous quarter) and development banks, with 5.6% of them (5.1% in the previous quarter).

The results of the funding sources by firm size show that a high proportion of both companies over 100 employees and in that of those employing between 11 and 100 people, is funded by suppliers (79.5% and 76.6% , respectively).

In regards to credit from commercial banks, the percentage of companies with over 100 employees pointed out as a source of funding (41.1%) was higher than in the case of companies with up to 100 employees (36.2 percent) .

Of all the companies surveyed:

47.8% said that the current conditions of market access and cost of bank credit are not a constraint to carry out the operations of your business.

36.1% indicated that these conditions are a minor limitation.

16.1% considered that these conditions are a major limiting to-day operations of your business.

Source: Bank of Mexico

[readon1 url="http://www.informador.com.mx/economia/2012/405488/6/tres-de-cada-10-empresas-acceden-al-credito.htm/"]Source: www.informador.com.mx - Translation by Suyapa Ajuria[/readon1]