Mexico

Mexico's banking system comprised 51 commercial banks and six state-owned development banks at the end of 2025, with commercial bank assets of Ps15.6tn (about US$867bn), equivalent to roughly 47% of GDP and shallow by regional standards. Concentration is marked: according to CNBV data, BBVA México held 22% of commercial banking assets, Santander and Banorte 13% each, Banamex 7%, and HSBC and Scotiabank 6% each. Foreign-owned institutions remain prominent, and 25 of the 51 commercial banks, including eight of the ten largest, belong to financial groups.