Evolution of the business
+2.3 million new credit cards, 16.4% more than in 2022.
Total Performing Portfolio
(billion pesos)
Mortgage Portfolio
(billion pesos)
Bank Deposits
(billion pesos)
75% of the commercial loan portfolio corresponds to the corporate segment segment and 25% to the government and financial institutions segments.
Composition of Bank Deposits
(%)
Evolution of results
During 2023, Grupo Financiero BBVA México posted solid results to close the year with net income of Ps. 100.246 million, supported by growing recurring income.
31.6%, cumulative efficiency ratio at year-end 2023.
Net income
(million pesos)
Total Revenues
(million pesos)
Total Expenses
(million pesos)
Non- performing
loans ratio(%)
Coverage Ratio
(%)
Total Capital Ratio
(%)
LCR
(%)
Relevant information
December 2023 (Financial Groups)
|
Indicators (%) |
Grupo Financiero BBVA México |
Market* |
|---|---|---|
|
Return on equity (ROE) |
27.2 |
19.0 |
|
Net Interest Margin (NIM) |
6.8 |
5.4 |
|
Efficiency Index |
31.6 |
40.7 |
|
Non- performing loans ratio |
1.7 |
2.0 |
*Financial Groups Market include: BBVA, Banorte, Inbursa, HSBC, Scotiabank, Santander and Citibanamex. Latest available information.
General Multiple Banking Indicators (CNBV Information)
|
|
December 2022 |
November 2023 |
|---|---|---|
|
Total Multiple Banking Institutions |
50 |
49 |
|
Branches |
11,831 |
11,855 |
|
Employees |
265,560 |
275,753 |
|
Total Banking Assets (million pesos) |
12,524,311 |
13,517,063 |
|
GDP constant (million pesos) |
18,495,649 |
25,326,277 |
|
% of GDP |
67.7% |
53.4% |
|
Total gross banking portfolio (million pesos) |
6,241,838 |
6,807,098 |
|
% of GDP |
33.7% |
26.9% |
|
Traditional deposits (million pesos) |
7,202,444 |
7,785,943 |
|
Demand |
4,917,697 |
5,124,132 |
|
Term |
1,997,740 |
2,307,793 |
|
Securities |
287,007 |
328,079 |
Relevance of Grupo Financiero BBVA México in the economy
|
|
December 2022 |
November 2023 |
|---|---|---|
|
Total assets (million pesos) |
3,087,967 |
3,335,360 |
|
Performing portfolio |
1,492,329 |
1,650,960 |
|
Market share (performing portfolio) |
24.4% |
24.7% |
|
Traditional deposits (million pesos) |
1,704,869 |
1,803,405 |
|
Market share (deposits) |
24.4% |
24.1% |
|
Traditional deposits / Total assets |
55.21% |
54.07% |
Economic value generated and distributed
|
|
2022 |
2023 |
|---|---|---|
|
Economic value generated |
226,373 |
273,820 |
|
Financial margin |
186,319 |
219,000 |
|
Net commissions |
32,421 |
38,695 |
|
Other ordinary income |
7,633 |
16,125 |
|
Economic value distributed |
151,050 |
162,707 |
|
Dividends |
53,945 |
45,400 |
|
General administration expenses |
34,830 |
38,904 |
|
Taxes |
30,455 |
37,866 |
|
Personnel expenses |
31,820 |
40,537 |
|
Retained economic value |
75,323 |
111,113 |
|
Allowance for loan losses |
35,640 |
44,995 |
|
Other |
39,683 |
66,118 |
Source: Grupo Financiero BBVA México. Figures in millions of pesos.
Economic Value Added (EVA)
|
|
2022 |
2023 |
|---|---|---|
|
Personnel expenses |
31,820 |
40,537 |
|
Interest expense |
62,862 |
101,751 |
|
Administration and |
20,196 |
22,395 |
|
Taxes |
30,455 |
37,866 |
|
Contributions to the community: |
145,333 |
202,549 |