Monday, On the Margin
BBVA; Regional; Santander; BanBajío; remittances; regional statistics; business confidence.
BBVA
Grupo Financiero BBVA closed 1Q25 with over 32.6 million clients (+0.6% YoY) and with over $3.8 trillion pesos in total assets (10.5%).
The group’s total profits came in at $28 billion pesos (+10.4% YoY) — 88% of which were contributed directly by the banking operation and almost 11% by the insurance division (+16.6% YoY).
For context, Walmart México and FEMSA reported a combined net profit figure of $21.2 billion pesos during the first quarter of this year.