• Consolidated statistical information is published[1] of the Multiple Banking sector, at the end of August 2020; made up of 50 institutions in operation.
  • At the end of August 2020, the total assets of the Multiple Banking sector reached $ 11,395 billion pesos (mmdp), which represented a real annual increase of 7.8%.
  • The current loan portfolio of the Multiple Banking sector reached a balance of $ 5,408 billion pesos at the end of August, with a real annual decrease of 1.9% compared to the same month of 2019[2].
  • Total fundraising reached $ 6,726 billion pesos, with a real annual increase of 5.9%. Of this amount, 59.6% corresponded to deposits of immediate demand, which presented a real annual growth of 11.5%.
  • The net result of the sector was $ 77 billion pesos, 32.6% lower in real terms compared to August 2019. For its part, the return on assets (ROA) stood at 1.21% and the return on stockholders’ equity (ROE) at 11.80% .

[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 of the revocation of its license, so that as of July 1, 2020, the IPAB acts as liquidator of that entity. [https://www.cnbv.gob.mx/SECTORES-SUPERVISADOS/BANCA-MULTIPLE/Prensa%20%20Sector%20Bancario/Comunicado_058.pdf].

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 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, without it being necessary to increase the preventive estimates for credit risks. The facility applied for clients that had been affected by the SARS-CoV2 virus (COVID-19) and that were classified as effective as of February 28, 2020, with the exception of those credits granted to related persons as provided for in the articles 73, 73 Bis and 73 Bis 1 of the Credit Institutions Law. On June 29 last, the Commission announced the extension of the period of implementation of the special accounting criteria, until July 31, 2020. Likewise, it extended the benefit to credit operations originated during the month of March 2020. Said Special accounting criteria also applied to related SOFOMERs.