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# BBVA Mexico lifts full-year 2024 net income 7.2% to MXN 107.4 billion on 15.8% loan growth
- URL: https://www.theglobalbanker.com/bbva-mexico-lifts-full-year-2024-net-income-7-2-to-mxn-107-4-billion-on-15-8-loan-growth/
- Published: 2025-01-30T17:00:00.000Z
- Updated: 2026-09-29T13:01:30.000Z
- Description: BBVA México grew its loan book by MXN 262 billion to nearly MXN 2 trillion in 2024, while BBVA Group booked a record €5.45 billion profit from the unit.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

BBVA México reported net income of MXN 107.42 billion for 2024 on 30 January 2025, up 7.2% on the previous year. Fourth-quarter net income rose 11.9% year on year to MXN 26.66 billion.

Parent company BBVA Group, which published its own results the same day, reported record attributable profit of €5.447 billion from its Mexican business for 2024, up 6% at constant exchange rates.

#### LOAN BOOK NEARS MXN 2 TRILLION

The bank's loan portfolio grew by MXN 262 billion, or 15.8%, during 2024, bringing the total balance close to MXN 2 trillion. Lending to companies and corporates rose 21.5% to MXN 721 billion, while loans to small and medium-sized enterprises increased 21.4% to MXN 136 billion. Loans to individuals, including credit cards, consumer, auto and mortgage lending, grew 12.7% to MXN 845 billion, and government lending rose 6.6% to MXN 204 billion.

BBVA México placed more than 2.5 million new credit cards during the year, 540,000 of them with first-time customers, along with 2.7 million consumer loans, 34,400 mortgages and 156,000 auto loans.

#### FUNDING, CAPITAL AND DIGITAL REACH

Customer funds rose 13.1% to MXN 2.8 trillion, with demand and savings deposits up 7.1% to MXN 1.5 trillion and time deposits up 8.2% to MXN 281 billion. The capital ratio stood at 18.7% and the liquidity coverage ratio at 140.4%. The non-performing loan ratio was 1.6%, with Stage 3 coverage of 193.1%.

The bank ended the year with 32.4 million customers, of whom 24.7 million, or 76.2%, used its digital channels, an increase of 11.2% in digital users over the year.