Since last year, there was talk that the Government had plans to assess bank profits that have been historic for two years for the increases in the interest rate of Banco de México (Banxico).
The banks obtained profits of 288,340 million pesos last year, which meant an increase of almost 6% compared to 2023, when the profits were 272,672 million.
Since last week, the president has shown her interest in the commercial banks to do Rate reductions to which they provide, especially the credits to companies.
52% of the credits that Bank gives is granted to companies and this type of credit has a downward trend due to the increases to the interest rate and the expectation of a contraction of the economy.
“The exchange rate has had a significant effect, because about 27% of the business portfolio is called in a currency other than the weight,” said Intercam recently in a report.
The institution stressed that excluding exchange and inflation effects, the business portfolio would be growing 7.5%.
The president will meet on May 8 with the bankers in the framework of the inauguration of the Banking Convention, which will be held in Nuevo Vallarta.
