BBVA Reports US$3 Billion in Mexico

BBVA reported attributable earnings of US$3,395 million in Mexico during the first half of the year. 8.2% higher than the previous period, due to growth in lending and the retail segments.

This amount was approximately half of the financial institution's total profit, which totaled US$6.9 billion, representing an 11.1% increase.

The bank's net interest income in Mexico has grown to 8.2%, totaling nearly US$7,305 million, while fee income reached US$1,500 million, up 7.3%.

This has contributed to an 8.9% increase in gross margin, or US$9,765 million.

In some South American countries, combined half-year profits totaled US$635 million, a 33.6% increase year-over-year.

On the other hand, in addition to Mexico, the bank generated most of its profits in its home country of Spain, with US$2 billion.

It is important to remember that this bank has been operating in Mexico for more than 90 years, beginning with the founding of the financial institution Bancomer in Mexico City under the name Banco de Comercio.

It is important to remember that this bank has been operating in Mexico for more than 90 years, beginning with the founding of the financial institution Bancomer in Mexico City under the name Banco de Comercio, which later merged with the Spanish bank BBVA in 2009.

And since then, it has been the bank with the strongest presence in the lives of Mexicans, leading the financial sector in terms of total assets and number of customers, and accounting for approximately 50% of all financial transactions in the country.