Historical Profits and Credit Growth in Mexican Banks
Mexican banks continue to report historical profits, with a record-breaking 304,400 million pesos in net income in 2025, according to the National Banking and Securities Commission (CNBV).
Although credit growth slowed slightly in the past year, aligning with a more subdued economic environment, it still expanded, primarily in the consumer segment. By the end of 2025, commercial bank credit to the private sector exceeded 7.25 trillion pesos, as reported by Banco de México (Banxico).
The Challenge: Sustaining Credit Growth for SMEs
The challenge lies in ensuring continued growth, particularly in the micro, small, and medium enterprise (SME) segment. The Plan México, presented by the Federal Government a year ago, aims to have 30% of SMEs with formal financing by 2030, up from the current 26.5%.
Progress and Agreements
Agreements and Advances
In last year’s banking convention, the Federal Government and the Mexican Banking Association (ABM) signed an agreement to meet this goal. Since then, progress has been made through workshops between the industry and authorities.
The ABM reports that SME financing has increased from 24.0% in May 2025 (agreement date) to 26.5% (most recent data). A credit guarantee program with development banks has been designed to boost SME lending, with some commercial banks joining and focusing on strategic sectors of Plan México.
Moreover, interest rates for the SME segment have shown a decline over this period. However, the banking sector agrees that increasing formalization and digitalization of businesses is essential for greater SME banking inclusion.
Just last week, the leadership of Mexico’s banking industry met with President Claudia Sheinbaum at Palacio Nacional to discuss economic prospects and ways to foster the country’s growth.
Key Questions and Answers
- Q: What are the current profits and credit growth trends in Mexican banks? A: Mexican banks reported historical profits, with a record-breaking 304,400 million pesos in net income in 2025. Credit growth slowed slightly in the past year but still expanded, primarily in the consumer segment.
- Q: What is the challenge for Mexican banks regarding credit growth? A: The challenge is to ensure continued growth, particularly in the micro, small, and medium enterprise (SME) segment.
- Q: What is Plan México’s goal for SME financing? A: Plan México aims to have 30% of SMEs with formal financing by 2030, up from the current 26.5%.
- Q: What agreements and progress have been made to achieve SME financing goals? A: The Federal Government and the Mexican Banking Association (ABM) signed an agreement to meet SME financing goals. Progress has been made through workshops between the industry and authorities, with a credit guarantee program designed to boost SME lending.
- Q: What more is needed for greater SME banking inclusion? A: The banking sector agrees that increasing formalization and digitalization of businesses is essential for greater SME banking inclusion.
