The bank has record profits; with AMLO they earn more than 222,000 million pesos

“Banks maintain a high level of profitability, although the pace of growth in profits has moderated compared to previous years (2022 and 2023), where historically high interest rates favored the sector’s profits,” Intercam highlighted. in a report.

The banks with the highest profits were BBVA México, Banorte and Santandershow the data of the CNBV.

In absolute terms, banks’ profits spiked during Peña Nieto’s six-year term and increased even more during López Obrador’s.

The pace of growth slows

While at the end of López Obrador’s six-year term, bank profits increased by 59.3%, at the end of Peña Nieto’s six-year term, profit growth was 78.6%, according to data from the National Banking and Securities Commission ( CNBV).

Despite this, the banks had a better six-year term with López Obrador than with Felipe Calderón, a six-year term in which profits only increased by 17.3%, when profits amounted to 78,291 million pesos.

The bank lends more money than the Afores manage

The money that banks lend to people, governments and companies totaled 7.4 billion pesos until last September, the figure exceeds by 8% the amount managed by the Afores of 6.8 billion pesos.

Regarding the growth rate of the credit portfolio, it also saw a slower pace in the last six-year term, since the portfolio grew 42.5% while with Peña Nieto the growth of loans given by the bank was 90% and 96%. in the six-year term of Felipe Calderón.

Historical profits

In its last convention with Andrés Manuel López Obrador as president of Mexico, last April, the Mexican banks celebrated with good financial accounts, a year after The president will urge them to do legal business and with legitimate profits and reasonable.

“Friends, friends of the banking sector, reiterating the commitment that I made from the beginning of the government, not to change the rules for the operation of banks in Mexico, continue doing legal business in Mexico,” said the leader of the Executive in 2023 during the annual bankers’ party.

“Continue to obtain legitimate and reasonable profits,” said Andrés Manuel López Obrador in front of the bankers in 2023.

Prior to this year’s convention, the president of the Association of Banks of Mexico (ABM), Julio Carranza, said that the profits that the bank had recorded had been thanks to the government not changing the rules and that helped the bank achieve growth.