Overall Performance and Key Factors
In the first nine months of 2025, BBVA Mexico reported a profit of 85,983 million pesos, marking a 6.5% increase compared to the same period in 2024. This positive outcome can be attributed to growth in the financial margin, increased income from commissions, and a notable result from intermediation, among other factors.
Trimestral Performance: A Closer Look
However, in the third quarter of 2025 alone, BBVA Mexico earned 28,496 million pesos. Although this represented an annual increase, it showed a 2.9% decrease when compared to the previous quarter.
Explanation from BBVA Mexico’s CFO
Beatriz Muñoz, Chief Financial Officer of BBVA Mexico, clarified that the trimestral decrease is due to their insurance business. A reserve release took place in the second quarter, affecting this particular line of business. Nevertheless, other business lines continued to grow.
Mexico Remains the Primary Market
With these figures, BBVA Mexico remains the primary subsidiary contributing significantly to the Spanish financial group, accounting for nearly 45% of the attributed result by the end of the third quarter.
Credit and Deposit Growth
BBVA Mexico’s credit portfolio surpassed 1.98 trillion pesos by the end of the third quarter of 2025, reflecting a 9.6% annual increase with growth across almost all segments.
Credit Portfolio Breakdown
Eduardo Osuna, Vice President and General Director of BBVA Mexico, highlighted that the bank is nearing the 2 trillion pesos credit mark, a goal expected to be achieved by year’s end.
- Individuals and families: 11.6% growth
- SMEs (Small and Medium Enterprises): 16.9% growth
- Corporations: 9.4% growth
- Government sector: 4.3% decrease
Non-Performing Loans and Deposit Trends
The Non-Performing Loans (NPL) ratio stood at 1.7% by the end of September.
In terms of deposit accumulation, the total reached 3.01 trillion pesos, marking a 12.2% increase compared to the third quarter of 2024.
- Demand deposits: 8.7% growth
- Time deposits: 16% growth
- Investment funds: 16.2% growth
Key Questions and Answers
- Q: Why did BBVA Mexico’s third-quarter profit decrease by 2.9% compared to the previous quarter? A: The decrease is primarily due to a reserve release in their insurance business during the second quarter.
- Q: How much has BBVA Mexico’s credit portfolio grown in the first nine months of 2025? A: The credit portfolio has grown by 9.6%, surpassing 1.98 trillion pesos.
- Q: What is the current Non-Performing Loans (NPL) ratio for BBVA Mexico? A: The NPL ratio stands at 1.7% as of September 2025.
