BanBajío, the Mexican bank based in Guanajuatocelebrates its 30th anniversary, and did so with a “ring” this Wednesday on the Mexican Stock Exchange (BMV).
In this framework, he announced that he is ready to originate credit for 100,000 million pesos in the next two years, thereby reaffirming his commitment to the economic development of Mexico.
The objective, the institution highlighted, is to finance projects that promote the growth and prosperity of Mexican companies and families.
BanBajío specializes in serving the business segment, but also small and medium-sized enterprises (SMEs) and families.
It ranks as the sixth bank in the system in business portfolio and the fourth in credit to SMEs.
At the end of the third quarter of 2024, according to information from the National Banking and Securities Commission (CNBV), was ranked eighth in the banking system with more than 347,000 million pesos in assets.
The amount of its total portfolio amounted to 254.5 billion pesos, and the amount of deposits amounted to 287.4 billion at the end of last September.
It has also been one of the banks that has generated the most profits in recent years.
Stock Market Ringing
As part of the celebration of its 30th anniversary, shareholders, directors and directors of BanBajío rang the bell on the auction floor of the BMV.
The event was headed by Salvador Oñate, President of the Board of Directors of BanBajioCarlos de la Cerda, Vice President, and Edgardo del Rincón, General Director of the bank, as well as directors of the BMV.
There it was highlighted that, throughout its history, BanBajío has been adopting the best corporate governance practices, consolidating its commitment to governance by listing on the BMV, and remaining a competitive and attractive bank for the market.
“BanBajío started 30 years ago with something in mind and heart: serving customers and helping them in their development. 7 years ago, here at the Stock Exchange we rang the Ring, my father, Don Salvador Oñate, was there. In addition to being a very important event for us, it put us on the global map of large investors… we continue to invest to promote the development of this great country,” said Salvador Oñate Barrón.
In these 30 years, BanBajío has maintained solid growth and outstanding asset quality, highlighting its financial performance in the indicators of profitability, solvency and efficiency, which has allowed it to maintain confidence and increase its market share.
