Historical Profits Amidst Economic Slowdown
In 2025, Mexican commercial banks reported a combined profit of 304.4 billion pesos, marking a real annual growth of 1.10%. These are historical profits, achieved despite an economic slowdown, reduced credit dynamics, and a decrease in interest rates.
BBVA Maintains Leadership
According to updated information from the Mexican National Banking and Securities Commission (CNBV) as of December last year, BBVA Mexico—the largest bank in the system—registered the highest profit in 2025, amounting to 98,946 million pesos, a growth of 2.44% compared to 2024.
- BBVA Mexico: 98,946 million pesos (2.44% growth)
- Banorte: 47,380 million pesos (0.87% growth)
- Santander Mexico: 32,329 million pesos (9.08% growth)
- Inbursa: 22,528 million pesos (-12.58% growth)
- Banamex (post-Citigroup separation): 16,096 million pesos (-31.29% growth)
- Citi: 11,314 million pesos (2.81% growth)
- Scotiabank: 10,241 million pesos (-9.67% growth)
- BanBajio: 9,079 million pesos (-18.09% growth)
- HSBC: 7,312 million pesos (2.81% growth)
These nine banks collectively reported 255,225 million pesos in profits during 2025, accounting for 83.0% of the total sector profits.
A Year of Economic Slowdown and Interest Rate Reduction
Despite the historical profits in 2025, it was a year of economic slowdown and reduced credit dynamics, along with a decrease in interest rates. According to Banco de México (Banxico), commercial bank credit growth to the private sector showed a consistent slowdown throughout 2025.
- January growth: 10.0%
- December growth: 2.6% (lowest since 2022), totaling 7.25 billion pesos
- Credit growth slowdown affected all bank segments: companies, consumption, and housing
The banking sector’s morosity index (IMOR) remained low at 2.17% by the end of 2025, slightly higher than 2.02% in December 2024.
In 2025, banks experienced lower interest income due to Banxico’s reference rate reduction cycle. Since August 2025, there have been declines in interest income records, according to the regulator.
- Reference rate in 2023-2024: up to 11.25%
- Reference rate since April 2024: down to 7.00%
Key Questions and Answers
- What were the historical profits of Mexican banks in 2025? Mexican commercial banks reported a combined profit of 304.4 billion pesos, marking a real annual growth of 1.10%.
- Which bank led the profits in 2025? BBVA Mexico registered the highest profit in 2025, amounting to 98,946 million pesos, a growth of 2.44% compared to 2024.
- How did the economic environment affect bank profits in 2025? Despite an economic slowdown, reduced credit dynamics, and decreasing interest rates, Mexican banks reported historical profits in 2025.
- What was the reference rate trend by Banco de México (Banxico) in 2025? Banxico’s reference rate decreased from a maximum of 11.25% in late 2023 and early 2024 to 7.00% by the end of 2025.
