Global and Mexican Performance
BBVA announced a profit of 28,140 million pesos in the first quarter of 2025, marking a 10.4% growth compared to the same period last year. This positive outcome was driven by increased recurring income, higher expenses, greater provisions, and taxes.
On a global scale, BBVA recorded a profit of 2,698 million euros, with Mexico contributing over 45% to this result.
Onur Genç, CEO of BBVA globally, praised the group’s outstanding performance, particularly in Mexico and Spain.
Mexican Performance Highlights
Eduardo Osuna, Vice President and General Director of BBVA Mexico, stated that despite clear signs of economic slowdown, the first quarter was very successful for the bank.
During a press conference, Osuna detailed that the loan portfolio grew by 17.1% in the period, surpassing 1.9 trillion pesos.
This growth was partly influenced by the exchange rate effect, as a portion of the portfolio is dollar-denominated.
- The loan portfolio for families increased by 12.3% to reach 861,000 million pesos.
- The portfolio for small and medium-sized enterprises (SMEs) grew by 22.6% to total 143,000 million pesos.
- The corporate loan portfolio (larger companies) increased by 24.6% to reach 727,000 million pesos.
- The government loan portfolio grew by 8.7%.
“We are meeting all the credit demand we can handle,” Osuna mentioned.
Non-performing Loans and Deposit Growth
BBVA Mexico’s non-performing loans closed the first quarter of 2025 at 1.5%.
Total deposits (demand, term, savings, and investment funds) showed a 17% increase in the quarter, reaching nearly 3 trillion pesos.
Osuna highlighted the strong growth in investment funds.
Key Questions and Answers
- Q: What was BBVA Mexico’s profit in Q1 2025? A: BBVA Mexico reported a profit of 28,140 million pesos in Q1 2025, a 10.4% increase compared to the same period in 2023.
- Q: How did BBVA perform globally in Q1 2025? A: BBVA recorded a global profit of 2,698 million euros in Q1 2025, with Mexico contributing over 45% to this result.
- Q: What was the growth rate of BBVA Mexico’s loan portfolio in Q1 2025? A: BBVA Mexico’s loan portfolio grew by 17.1% in Q1 2025.
- Q: What are the key segments of BBVA Mexico’s loan portfolio growth? A: The family, SME, and corporate loan portfolios all experienced growth, with SMEs increasing by 22.6% and corporate loans growing by 24.6%.
- Q: What was BBVA Mexico’s non-performing loans rate in Q1 2025? A: BBVA Mexico’s non-performing loans rate closed at 1.5% in Q1 2025.
- Q: How did BBVA Mexico’s total deposits perform in Q1 2025? A: BBVA Mexico’s total deposits increased by 17% in Q1 2025, reaching nearly 3 trillion pesos.
