Today: November 23, 2024
November 10, 2024
1 min read

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

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 pace of growth 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 registered had been thanks to the government not changing the rules and that helped the bank achieve growth.



Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Interbank Case: SBS reports that to date there is no evidence that clients have been extorted due to data leaks
Previous Story

Interbank Case: SBS reports that to date there is no evidence that clients have been extorted due to data leaks

The high hidden cost that unhealthy diets generate each year
Next Story

The high hidden cost that unhealthy diets generate each year

Latest from Blog

BNI

Networking company expanded its network to Piura

The networking network Business Network International (BNI) announced the opening of its first group in the region of Piura called BNI Grau, with the aim of promoting economic growth and strengthening business
Some fuels will be marketed with new prices

Prices of most fuels will remain the same

The Ministry of Industries, Commerce and MSMEs (MICM) reported this Friday that the government had a subsidy of around 200 million pesos for the fuels during the next week of November of
Go toTop