Between January and November, banks earned $278 billion: CNBV

Between January and November 2025, the group of private banks operating in Mexico obtained profits of 278,106 million pesos, an unprecedented amount for a similar period since there are records, according to official information from the National Banking and Securities Commission (CNBV).

In nominal terms – without discounting the inflation of the period – the profits of these financial intermediaries increased 3.7 percent when compared to the 268,108 million that were reported in the same period of 2024.

In real terms – already with inflation discounted – bank profits fell 0.07 percent.

The results were presented in an environment marked by low dynamism in economic activity and at a time when the Bank of Mexico (BdeM) made cuts to the reference rate, the instrument that sets the cost at which companies and families are financed.

The numbers suggest that the profits obtained by banking institutions have normalized after having experienced periods, such as 2023, in which they reached maximum levels as a result of the high interest rates in the country.

According to statistics, BBVA, Santander, Banamex, Banorte, HSBC, Scotiabank and Inbursa, institutions that are considered of systemic importance, concentrated 77 percent of the profits, with an amount of 214,451 million pesos at the end of November.

The figure, compared to the 214,422 million pesos reported between January and November 2024, is 0.01 percent higher in nominal terms and 3.6 percent lower in real terms.

Citi is excluded from this group of banks, since December marks one full year since its separation from Banamex was completed.

The numbers published by the CNBV indicate that the financial margin, which is mainly obtained from the difference between the interest income that was collected from debtors and the expenses paid, totaled 836,448 million pesos between January and November of last year.

This figure was 3.5 percent higher in real terms when compared to the 77,107 million reported in the same period of 2024.

The income obtained by the banks from the collection of interest reached one billion 646 thousand 704 million pesos, while expenses were 810 thousand 256 million pesos, according to official information.

The available information also indicates that between January and November 2025, private banks generated reserves for eventual losses of 195,893 million pesos, an amount 11.9 percent higher in real terms when compared to what was reported in the same period of 2024.