Bank earnings dropped 1% in October

According to data from the National Banking and Securities Commission (CNBV). Net earnings for Mexican banks decreased 1.13% year over year to 251.749 billion pesos in the first ten months of 2025.

This drop in earnings coincides with lower interest rates, inflationary pressures, industry conflicts brought on by US investigations, and the possibility of a protracted economic downturn.

The nation’s 51 banks reported profits of nearly 226.075 billion pesos in September alone. Marking the first dip since the Covid epidemic and a year-over-year drop of more than 2%.

The outstanding loan portfolio of several Mexican banks was 7.42 trillion pesos, a 3.4% increase in real terms, according to data from the regulator CNBV.

However, according to forecasts from the Mexican Banking Association (ABM), bankers expect credit to conclude 2025 with a 4.3% real growth while they expect the Mexican GDP to grow by 0.3%.

The group of seven banks considered systemically important—BBVA Mexico, Banorte, Santander Mexico, HSBC Mexico, Scotiabank Mexico, Inbursa, and Banamex—accounted for the majority of profits: 192.558 billion pesos. Although this segment also saw a 5.24% contraction compared to the same period in 2014.

Among the biggest beneficiaries, BBVA Mexico posted net profits of 38.519 billion pesos, representing 33% of total earnings.

It was followed by Banorte by Carlos Hank, with 38.519 billion pesos. Santander, with 26.782 billion pesos. Inbursa, with 18.568 billion pesos. and Banamex, with 10.929 billion pesos.