Profits for the period between April and June contrast with the loss of 585 million pesos reported in the same period in 2023.
The bank’s profits were due to lower administration and promotion expenses, especially in surveillance and security systems, as well as the transfer of valuables.
Banco del Bienestar spent 482 million pesos on surveillance and security systems, 10% less than last year.
The transfer of valuables amounted to 128 million pesos, 20% less, although this may be due to the fact that there were no deposits in this quarter due to the electoral ban and when the deposit was made in advance.
