Mexico's BBVA Bancomer 2011 Deposits Grew 10%, Loans By 9%
February 02 2012 - 12:33PM
Dow Jones News
The Mexican unit of Spain's Banco Bilbao Vizcaya Argentaria SA
(BBVA) said Thursday its deposits grew 10% on the year to 381.4
billion pesos ($29.3 billion), while its credit portfolio expanded
9% to MXN609.7 billion, with a 13% expansion in mortgages and 15%
growth in loans to businesses.
BBVA Bancomer, Mexico's largest bank, said its net interest
margin, a measure of profitability, rose 7.2% last year on strong
growth in credit and deposits.
The bank's percentage of non-performing loans stood at 3.1% at
the end of the year, while its ratio of capital reserves was
15.8%.
By Amy Guthrie, Dow Jones Newswires; (5255) 5980-5177;
amy.guthrie@dowjones.com
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