Financial Performance in Q2 2025
In the first half of 2025, Banco Santander México reported a net profit of 16,063 million pesos, marking an annual increase of 8.8% compared to the 14,769 million pesos earned in the same period of 2024. In Q2 alone, the bank’s profit reached 8,656 million pesos, an annual growth of 9.6%.
Solid Credit Portfolio Growth
By June 2025, Banco Santander México’s total credit portfolio exhibited a robust interannual growth of 6.6%, reaching a balance of 931,866 million pesos. This growth was driven by strong performance in both individual and corporate segments.
- Individual credit portfolio grew by 8.8%, totaling 458,153 million pesos at the end of June.
- Consumption segment:
- Grew by 10.4%
- Automotive portfolio increased by 41.7%
- Credit card portfolio grew by 3.3%
- Other consumer loans increased by 0.7%
- Housing portfolio: Increased by 7.5% in the first half of the year compared to the same period in 2024.
- Corporate segment: Grew by 8.8%; SMEs increased by 5.2%; Government and financial entities grew by 4.4%; Corporate segment decreased by 8.2%.
Rising Deposits
Total deposits at Santander also increased by 7.9% as of June compared to the same period last year, reaching a balance of 970,058 million pesos. Deposits at sight grew by 6.6%, while term deposits increased by 10.7%.
Global Performance and Mexican Contribution
On a global scale, Banco Santander reported a profit of 6,833 million euros in the first half of 2025, a 13% increase compared to the same period in the previous year. This was described by the bank as its best-ever first half, driven by solid interest margins, record commission income, and lower costs and provisions.
Out of the total profit, Santander México contributed 794 million euros, making it the fourth-largest contributor to the Spanish financial group, following Spain (2,258 million euros), Brazil (996 million euros), and the United States (839 million euros).
Key Questions and Answers
- Q: What were Banco Santander México’s financial results for H1 2025?
A: The bank reported a net profit of 16,063 million pesos, an 8.8% increase compared to H1 2024. In Q2, the profit was 8,656 million pesos, a 9.6% annual growth.
- Q: How did Banco Santander México’s credit portfolio perform in H1 2025?
A: The total credit portfolio grew by 6.6% interannually, reaching 931,866 million pesos. Individual credit portfolios increased by 8.8%, while the corporate segment grew by 4.5%.
- Q: What was the performance of Banco Santander’s deposits in H1 2025?
A: Total deposits increased by 7.9% to 970,058 million pesos, with deposits at sight growing by 6.6% and term deposits increasing by 10.7%.
- Q: How did Banco Santander perform globally in H1 2025?
A: The bank reported a global profit of 6,833 million euros, a 13% increase compared to H1 2024. Santander México contributed 794 million euros, making it the fourth-largest contributor to the Spanish financial group.
