During November 2022, the net result of banking profits reached 212,016 million pesos, a figure higher than the 182,170 million pesos obtained in all of 2021, according to figures from the National Banking and Securities Commission (CNBV).
Better credit activity and higher interest income before the rise in rates boosted the profits of the sector.
BBVA Mexico –the largest bank operating in the country– is, based on information from the CNBV, the one that earned the most as of November 2022, with a profit of 68.027 million pesos.
