After in 2020 the profit of banks operating in Mexico will show a decrease (compared to 2019) as a consequence of the impact of the covid-19 pandemicin 2021 it returned to record significant growth.
According to the report released this Monday by the National Banking and Securities Commission (CNBV), throughout 2021 the sector of the multiple banking had a profit of 182,000 million pesos, 65.7% more than the 102,000 million obtained in 2020.
And although in 2020, despite the crisis, the banking in mexico continued to record profits, they were less than the 163,000 million pesos obtained in 2019.
The report of the CNBV specifies that the result of 2021 was mainly influenced by a significant decrease in preventive estimates for credit risks, after banks made additional reserves in 2020 to face possible defaults due to the economic crisis derived from the pandemic; but also lower interest expense and other income.
It was BBVA Mexico the one that registered the highest profit in 2021 with 60,256 million pesos, when in 2020 its profit was 36,172 million.
This was followed Banorte with 26,086 million pesos of profit at the end of 2021; Y Banamex with 22,396 million.
Santander, for its part, earned 18,068 million pesos last year; Inbursa 13,931 million; Scotiabank, 9,418 million and HSBC earned 2,806 million. In 2020, the latter had losses of 708 million.
These seven banks concentrated almost 153,000 million pesos of the 182,000 million obtained by the entire multiple banking sector during 2021, according to information from the CNBV.
At the end of 2021, the multiple banking sector was made up of 50 institutions in operation.
Credit continues with recovery
On the other hand, the CNBV points out that the current credit portfolio of commercial banks showed a 2.0% drop at the end of December 2021 compared to the same month of 2020, although compared to the previous month, there was a real growth of 0.3%. The balance stood at 5.43 billion pesos.
Although the total credit portfolio continued to fall in December, it is now less pronounced. In November, the contraction was 3.7 percent.
Within the total portfolio, commercial loans fell 3.3% in December in their real annual comparison, with a balance of 3.37 trillion pesos.
Meanwhile, in the Consumer credit the contraction was 2.4% last December, for a balance of one billion pesos.
Within the consumer portfolio, the credit card registered a fall of 2.8% in the period and personal loans of 5.3%; but payroll loans showed a growth of 0.8% in their real annual comparison.
While housing loans continued to show growth, 2.7% in December compared to the same month of 2020, for a balance of just over one trillion pesos. This type of financing is the only one that has not fallen at any time during the pandemic.
The Delinquency Rate (IMOR) of the banking system stood at 2.05% at the end of 2021, lower than the 2.56% of December 2020.
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