Overview
- CNBV data show net profits of 278,106 million pesos for January–November 2025, up 3.7% nominally but down 0.07% in real terms.
- Profit momentum slowed for a third straight month on a real year-over-year basis in September (-1.80%), October (-1.13%) and November (-0.07%), a trend tied to Banxico rate cuts and softer credit activity.
- The financial margin reached 836,448 million pesos, up 3.5% in real terms, with interest income at 1,646,704 million and interest expense at 810,256 million.
- Banks raised reserves for potential losses to 195,893 million pesos, an 11.9% real increase versus the same period in 2024.
- Earnings remained concentrated, with seven systemically important banks taking 77% of profits (214,451 million), led by BBVA at 90,467 million as Inbursa's profit declined versus a year earlier.