Investor Presentaiton
О Economic activity could be affected by a recession in US
GDP growth in US and Mexico
% y/y, 1990 to 2021
Mexico GDP growth estimates*
% y/y
8
2022
2023
y = 1.2427x-0.6037
1996 1997
6
R² = 0.4895
1990 2010 2000
20061994
1998
Banorte
3.1
1.5
Consensus
3.0
4
1991
0.9
2011 2012
2021
2014
2016
2015
4.1993 1992
2004
Minimum
2.4
-0.5
2
2007
2008-
2017 2018 2005
1999
Maximum
3.2
1.8
2013
2003
MEXICO
2001
20022019
US GDP growth estimates**
% y/y
-4
2022
2023
2009
-6
Banorte
2.0
0.8
1995
Consensus
1.9
0.4
-8
2020
Minimum
-0.1
-0.8
-10
-4
-3
-2
-1
0
1
US
2 3 4 5 6
Maximum
2.1
1.3
Notes: *Citibanamex survey. **Bloomberg median
Source: Banxico, US Census Bureau, Banorte, Bloomberg and INEGI
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NIM
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Loan
BAP
Guid
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Eco
NI
ROE
ICAP
Mkt
App
Hist
C/I
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