• Consolidated statistical information is published[1] At the end of July 2020, the Multiple Banking sector, made up of 50 institutions in operation.
  • At the end of July 2020, the total assets of the Multiple Banking sector reached $ 11,574 billion pesos (MMPD), which represented a real annual increase of 14.4%.
  • The current loan portfolio of the Multiple Banking sector reached a balance of $ 5,458 billion pesos at the end of July, with a real annual growth of 0.9% compared to the same month of 2019[2].
  • Total fundraising totaled $ 6,799 billion pesos, which meant a real annual increase of 10.2%. Of this amount, 58.9% corresponds to deposits of immediate demand, which presented a real annual growth of 14.8%.
  • The net result of the sector was $ 65 billion pesos, 35.6% lower -in real terms- compared to July 2019. As a result of the above, the return on assets (ROA) was located at 1.23% and the return on equity (ROE) at 11.94%.

[1] Consolidated information is included for multiple banking institutions with 15 Multiple Purpose Financial Companies, Regulated Entities (SOFOMER): Banamex with (1) Banamex Cards; Santander with (2) Santander Consumo, (3) Santander Vivienda and (4) Santander Financial Inclusion; BBVA Bancomer with (5) Financiera Ayudamos; CIBanco with (6) Finanmadrid México; Banco del Bajío with (7) Financiera Bajío; Banregio with (8) Start Banregio; Inbursa with (9) FC Financial and (10) SOFOM Inbursa; Affirm with (11) Landlord Affirm; Banco Base with (12) Arrendadora Base, Sabadell with (13) SabCapital, Invex with (14) Invex Consumo and Bancrea with (15) Arrendadora Bancrea.

On June 30, 2020, the Governing Board of the National Banking and Securities Commission (CNBV) notified Banco Ahorro Famsa, the revocation of its license, so that as of July 1, 2020, the IPAB will act as Banco Ahorro Famsa liquidator [https://www.cnbv.gob.mx/SECTORES-SUPERVISADOS/BANCA-MULTIPLE/Prensa%20%20Sector%20Bancario/Comunicado_058.pdf].

On June 30, 2020, the Governing Board of the National Banking and Securities Commission (CNBV) notified Banco Ahorro Famsa of the revocation of its license, so that as of July 1, 2020, the IPAB acts as liquidator of said bank. The regulatory reports of June 2020 of that institution did not comply with the provisions of the regulatory framework as they were not sent in a timely manner to this body. Therefore, the figures presented in this press release do not include the information from Banco Ahorro Famsa for June 2020.

The amounts are presented in billions of pesos (expressed as “mmdp”) except when otherwise indicated; In some cases, the sums of the variances and the totals may not match due to rounding of figures. On the other hand, the annual and monthly variations of the balance sheet and income balances are expressed in real terms.

[2] In March 2020, the CNBV temporarily issued special accounting criteria, applicable to loans from the consumer, housing and commercial loan portfolio of multiple banking institutions, so that, subject to particular requirements, loans that were subject to restructuring or renewal, would be considered as current, in addition to the constitution of preventive estimates for credit risks, related to the granting of write-offs, forgiveness, bonuses and discounts, for clients that have been affected by the SARS-CoV2 virus. (COVID-19) and that were classified for accounting purposes as of February 28, 2020, with the exception of those credits granted to related parties as provided in articles 73, 73 Bis and 73 Bis 1 of the Credit Institutions Law. On June 29 last, the Commission announced the extension of the term for the implementation of the special accounting criteria, until July 31, 2020. It also extended the benefit to credit operations originated during the month of March 2020.

The application of the special criteria affects the comparability with previous periods of the amounts that would have been recorded and presented both in the balance sheet and in the income statement by type of portfolio, if the special accounting criteria had not been applied. These special accounting criteria are also applicable to SOFOMERs.