Profits of credit institutions continued to decline

In September 2023, the net interest margin represented 52.3% of the gross financial margin, which meant an annual drop of 7.3% in its share. Valuation and investment income reached a share of 26%, and commissions and financial services 17.9%. The return on assets (ROA) of the ECs stood at 0.87%, compared to that recorded for the same month last year, which was 2.03%.

On the other hand, the profits of the Special Official Institutions (IOE) reached $3 billion, followed by the insurance industry with $2.9 billion, the AFPs with $661.7 billion, trust companies with $631.6 billion, infrastructure providers with $532.5 billion and securities intermediaries with $144.3 billion.

Likewise, trustors of businesses managed by trust companies reported accumulated returns so far this year of $27.6 billion, which represents an increase of $231.3 billion compared to that reported the previous month. Investors in the 220 collective investment funds (FIC) managed by trust companies and stock brokerage companies (SCBV) reported, so far this year, an increase in the balance of $9 billion, due to the profits net in the valuation of debt instruments.

Investors in the 108 private equity funds (FCP) managed by trust companies and securities intermediaries recorded returns of $1.5 trillion. Compared to the long-term savings managed in the mandatory pension funds, the 18,968,293 members received returns of $40.4 billion in their individual accounts in the last 12 months.