Mexico’s development banking system placed more than MX$715 billion in direct credit to the private sector during the first three quarters of 2025. According to the Ministry of Finance and Public Credit (SHCP), total financing reached MX$1 trillion when credit channeled through guarantees is included, benefiting 2.2 million recipients.
The financing was directed to priority sectors through various national development institutions. Nacional Financiera (Nafin) and Bancomext focused on micro, small and medium-sized enterprises (MSMEs), while FIRA supported agricultural and rural producers. Banobras allocated resources to infrastructure projects, the Federal Mortgage Society (SHF) managed housing-related financing, and Banjército provided credit to members of the armed forces.
SHCP reported that the combined balance of direct and induced credit to the private sector reached MX$1.9 trillion by the end of the third quarter. The federal government estimates this figure will increase to MX$2.1 trillion by the close of the 2025 fiscal year.
Total assets held by development banks now exceed MX$3.2 trillion, equivalent to 9.3% of Mexico’s gross domestic product (GDP). The ministry characterized these figures as significant achievements in terms of financing capacity and overall financial performance.
Key indicators suggest that the development banking sector remains financially sound. The capitalization index (ICAP) stands at 28.7% for credit institutions, while the equity strength index for public development funds and trusts is 42.2%. Delinquency rates remain moderate at 2.3% for national credit institutions and 6.7% for development funds and trusts. Collectively, the sector generated profits of MX$47 billion during the period.
Banco del Bienestar (BaBien) continued to expand its operational reach, administering approximately 54 million bank accounts by the end of September. During the same period, the institution disbursed MX$603.3 billion to 31.5 million beneficiaries of federal social programs.
Authorities said the development banking framework remains a central pillar of the government’s Plan México strategy, aimed at promoting financial inclusion and mobilizing capital toward strategic industries and underserved productive sectors.