Puebla, Guerrero, Zacatecas, Oaxaca and Chiapas are the entities that in the last three years have not made progress in financial inclusion or their growth has been slight, according to a report by Citibanamex.
In these states, clear disadvantages are observed in the items evaluated by the financial group. If the lowest data of these entities is compared with the national average, the segment with the smallest difference is in total loans, with 2,555.9 per 10 thousand adults, compared to the average of 2,926.2.
“Meanwhile, the largest gap is located in transactions at point-of-sale (POS) terminals, accounting for 7,161.6 and 29,225.6 for every 10,000 people over 18 years of age, in the same order,” highlighted the “Citibanamex Financial Inclusion Index. Edition 2024”, published this Thursday.
He added that in these entities all the indicators are placed below the levels corresponding to the national level. The exception is Guerrero in total credits, which equals the national average figure.
Regarding the municipalities of these states, Citibanamex indicated that those with low financial inclusion decreased significantly, going from 1,142 in 2022 to 941 in 2023. This last figure represents 38.4% of the total municipalities in the country and generates 2.8% of the National GDP.
“There are significant lags with respect to the national average in the 14 indicators that we use to construct our Financial Inclusion Index,” he explained.
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“The biggest differences compared to the national metric are located in savings accounts, POS transactions and commercial banking branches. These indicators barely represent 1%, 2 and 2%, respectively, of those corresponding to the country’s average,” he added.
States with greater inclusion
In contrast, the entities with the greatest financial inclusion are Mexico City, Baja California Sur, Nuevo León and Quintana Roo.
The institution pointed out that the average (weighted by population) of this group of entities shows that all the indicators that make up the financial inclusion index exceed the national average.
“The greatest advantage is in transactional accounts with 10,469.6 per 10 thousand adults, 4.01 times the national figure,” he noted.
“In contrast, in total credits the advantage is smaller,” he added.
The group of these entities averages 3,216.4 credits per 10 thousand adults compared to the 2,926.2 average for the country. That is, the average of the total credits of these entities is 1.1 times the national one.
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Regarding entities with high financial inclusion, the group is made up of Sonora, Baja California, Coahuila, Querétaro, Tamaulipas, Sinaloa, Colima, Chihuahua and Aguascalientes.
The states with medium financial inclusion are: Jalisco, Campeche, Morelos, Nayarit, Tabasco and Yucatán. While the entities with low financial inclusion are: Durango, Veracruz, San Luis Potosí, Guanajuato, México, Michoacán, Hidalgo and Tlaxcala.
“The results show that the degree of financial inclusion is related to some economic indicators: the higher the GDP, the higher the level of financial inclusion,” Citibanamex stated.
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