Overview
- Between January and April 2026 private banks posted a record aggregate profit of 104,740 million pesos, according to CNBV figures.
- Interest income fell to 576,392 million pesos for the same period, a real decline of 10.11 percent and the 11th consecutive month of year‑on‑year drops since June 2025.
- Eight systemic banks — BBVA México, Banorte, Santander, Banamex, Inbursa, Scotiabank, HSBC and Citi México — accounted for 87,867 million pesos or about 83.9 percent of sector profits.
- Balance‑sheet shifts helped preserve earnings: net financial margin rose modestly, interest expenses paid to savers fell about 25 percent in real terms, total credit grew 1.94 percent in real terms, and consumer lending led expansion with roughly 7.19 percent real growth.
- The concentration of profits in a few large banks raises supervisory importance, and falling lending yields signal a potential squeeze on margins if funding costs stop declining or fee income fails to rise further.