In Mexico, the banking sector is composed of 51 institutions, showing itself to be solid, well-capitalized, and experiencing credit growth, although highly concentrated. Commercial banking saw a 9% increase in real terms and on an annual basis so far this year in the outstanding portfolio to the private sector. In contrast, national GDP only grew by 0.6% in the first quarter of 2025, highlighting the expansion of bank credit in relation to general economic activity.
In the breakdown of the banking portfolio, consumer credit leads with a real growth of 13.8%, followed by lending to businesses with an increase of 11.2%, and housing loans with a rise of 2.7%. These figures suggest a cautious environment regarding mortgage payments. These increases are in real terms, discounting national inflation, compared to the levels of March 2024.
The multiple banking sector in Mexico shows high levels of capitalization, around 19%, well above the regulatory minimum of 10.5%, and a stable delinquency rate of approximately 2%. Liquidity is also noteworthy, with an average Liquidity Coverage Ratio of 330%, three times the required minimum of 100%.
The growth and financial strength of the banking sector are primarily attributed to the performance of systemically important banks, known as G8, reflecting a high concentration among the main participants. These eight banks represent 75% of the total assets of the system and approximately 80% of the credit portfolio.
While banking remains solvent and has good financial indicators, the growing preference for online services and products has driven digitalization and technological innovation in the sector. Mobile banking has seen a significant increase in users, reaching 94 million by the end of 2024, promoting financial inclusion and access to financing.
Banking digitalization presents new challenges, such as cybersecurity and the need to strengthen regulation in this area. However, it is expected to play a key role in improving financial inclusion, operational efficiency, and competition in the sector, marking a trend towards a more modern and accessible financial landscape for all.
