On March 25, 2020, Mexico’s banking regulator, the CNBV, announced that banks could defer payments of capital, interest or both for up to four months, with a possible extension of two more. The measure covered mortgages, consumer loans, credit cards and business loans that were current at the end of February 2020 and whose borrowers had lost income.
According to a CNBV study, deferred business loans made up 16 to 17 percent of the business loan portfolio between March and June 2020.