Banks in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Mexican banking industry recorded assets of $674.1 billion in 2024, representing a compound annual growth rate (CAGR) of 9.5% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $482.2 billion, equivalent to 71.5% of the industry's overall value.
- The Mexican banking industry grew by 9.2% in 2024, primarily driven by the rise in consumer credit, as individuals increasingly relied on loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to Banco de Mexico, consumer credit in Mexico rose by 15.4% in Q4 2024 compared to Q4 2023, contributing significantly to the increase in total commercial bank assets.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Mexico
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico banks market with five year forecasts
Reasons to Buy
- What was the size of the Mexico banks market by value in 2024?
- What will be the size of the Mexico banks market in 2029?
- What factors are affecting the strength of competition in the Mexico banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Mexico's banks market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Grupo Financiero Banorte SAB de CV
- Banco Santander Mexico SA
- HSBC Mexico SA
