Substantial Earnings Growth for Mexican Banks by July 2024

As of July 2024, the collective earnings of Mexican commercial banks reached 171,881 million pesos ($9.5 billion). This signifies a year-over-year real increase of 3.56% compared to July 2023. The rise primarily stems from heightened interest revenues in a high-rate environment, recording 6.63% growth during this period. However, there was also a notable 15.36% rise […]