Finance
List of Commercial Banks in Mexico
Mexico’s banking sector is a vital component of the country’s economy, characterized by a blend of both domestic and international financial institutions. Over the past few decades, the sector has undergone significant reforms aimed at enhancing stability, efficiency, and financial inclusion. The industry is well-regulated, with the Bank of Mexico (Banxico) serving as the central authority, ensuring monetary stability and overseeing the functioning of the financial system. The banking sector in Mexico is diverse, offering a range of services from commercial banking to investment and retail banking, catering to both corporate and individual clients.
Role of Mexico’s Banking Sector
The banking sector in Mexico plays a crucial role in supporting economic growth by providing credit, facilitating transactions, and enabling investments. It serves as a key channel for the government’s monetary policies, helping to control inflation and stabilize the economy. Additionally, the sector has been instrumental in expanding financial inclusion, with efforts to increase access to banking services across the country, especially in rural areas. Mexican banks are also increasingly integrating digital technologies, which are improving service delivery and expanding the reach of financial services.
| Bank Name | Headquarters | Bank Sector | Bank Revenue (MXN) | Bank Revenue (USD) | Contact Details |
| BBVA Bancomer | Mexico City | Private | 180.9 billion | 786.32 billion | Tel: +52 55 5226 2663 |
| Citibanamex | Mexico City | Private | 158.3 billion | 688.08 billion | Tel: +52 55 2262 9999 |
| Banorte | Monterrey | Private | 120.7 billion | 524.64 billion | Tel: +52 81 8156 9600 |
| Santander México | Mexico City | Private | 112.4 billion | 488.42 billion | Tel: +52 55 5169 4300 |
| HSBC México | Mexico City | Private | 70.9 billion | 308.09 billion | Tel: +52 55 5721 3390 |
| Scotiabank México | Mexico City | Private | 45.3 billion | 196.84 billion | Tel: +52 55 5728 1900 |
| Inbursa | Mexico City | Private | 39.1 billion | 169.9 billion | Tel: +52 55 5625 5000 |
| Banco del Bajío (BanBajío) | León, Guanajuato | Private | 14.6 billion | 63.44 billion | Tel: +52 477 710 4646 |
| Banco Azteca | Mexico City | Private | 24.3 billion | 105.61 billion | Tel: +52 55 1101 4000 |
| Banco Interacciones | Mexico City | Private | 7.9 billion | 34.33 billion | Tel: +52 55 5326 7777 |
Mexico’s banks are really important for the country’s economy. They help businesses grow and people save money. Even though some people still don’t have bank accounts, things are getting better with new technology. As Mexico gets richer, its banks will be even more helpful.
