Mexico's Ministry of Finance and Public Credit (SHCP) issued the final resolution of its 2024 Performance Evaluation of Multiple Banking Institutions and published the Strategic Outlook of Mexican Banking 2024. Of the 49 multiple banking institutions operating during 2024, 45 received a “Satisfactory” rating, three were rated “Satisfactory with observations”, and Banco Shinhan de México was rated “Not satisfactory”. SHCP stressed that the evaluation measures banks’ contribution to promoting productive development and inclusive economic growth in line with sound banking practices, and does not assess financial condition, liquidity or solvency. The evaluation considers credit intermediation and resource mobilisation, products and infrastructure, service quality, investment and foreign exchange activities, and practices related to sustainable finance and gender equality. The Strategic Outlook uses the evaluation results to present a public-policy view of the banking system, focusing on actions and strategies aimed at improving access, efficiency and depth in Mexico’s financial system; it also reports a separate result for institutions with fewer than five years of operation in 2024, including BNP Paribas México rated satisfactory.
Ministry of Finance & Public Credit (Mexico) 2025-07-30
Mexico's Ministry of Finance and Public Credit publishes final 2024 performance evaluation of 49 commercial banks with 45 rated satisfactory
Mexico's Ministry of Finance and Public Credit released the 2024 Performance Evaluation of Multiple Banking Institutions, rating 45 out of 49 banks as “Satisfactory,” with Banco Shinhan de México rated “Not satisfactory.” The evaluation focuses on banks' contributions to productive development and inclusive growth, excluding financial condition assessments. The Strategic Outlook uses these results to propose strategies for enhancing access, efficiency, and depth in Mexico’s financial system.