BBVA Mexico Earns MX$29 Billion in 2Q25 Despite Risk Provisions

BBVA Mexico posted a net profit of MX$29.35 billion in 2Q25, up from MX$28.14 billion in the previous quarter and MX$27.08 billion in the same period of 2024, the bank announced on July 31.

In the first half of 2025, the bank’s total profit reached MX$57.49 billion, marking a 9.3% increase compared to MX$52.58 billion in the same period last year. The growth was driven by higher net interest income and fees, although provisions for credit risk also rose, attributed to portfolio expansion.

BBVA Mexico remained the top earnings contributor to Spanish financial group BBVA, accounting for over 40% of global profits. As of June, its performing loan portfolio totaled MX$1.96 trillion, reflecting 11.5% annual growth.

Commercial loans—including corporate, government, and financial institutions—stood at MX$1.06 trillion, rising 11.2% year-over-year. Consumer loans—including credit cards, personal loans, and mortgages—reached MX$885 billion, up 11.4%. The non-performing loan ratio was 1.7% at the end of June.

Customer deposits rose 13.9% year-over-year to MX$1.91 trillion. Demand and savings deposits increased 11.5%, while time deposits grew 24.8%, despite a lower interest rate environment.

Globally, BBVA reported a profit of €5.45 billion in 1H25, a 9.1% increase year-over-year, supported by stronger net interest income and fees. BBVA Mexico contributed €2.58 billion, or roughly 44% of the group’s total profit, followed by Spain with €2.14 billion.

BBVA attributed its strong Mexican performance to robust credit growth across all segments, solid recurring income in constant euros, high operational efficiency, and better-than-expected credit quality.

Looking ahead, the bank forecasts credit growth of around 10% for the remainder of 2025, along with a high single-digit increase in net interest income and a similar rise in expenses.