The net profits of Mexico's commercial banking industry totaled 66 billion pesos (about $5.07 billion) during the first nine months of 2012, up 25.1 percent from the same period last year, the National Banking and Securities Commission said.
Mexico's 42 commercial banks had assets of 5.94 trillion pesos (about $457.38 billion) as of Sept. 30, up 4.1 percent from the same time in 2011, the commission said in a statement.
The industry's loan portfolio totaled 2.64 trillion pesos (about 203.53 billion) in the January-September period, an increase of 12.5 percent from the same period in 2011, the commission said.
Mexico's largest commercial banks are BBVA Bancomer, a unit of Spain's BBVA; Grupo Banamex, a subsidiary of U.S.-based Citigroup; and Grupo Banorte, which is controlled by Mexican interests. EFE