Banco del Bajío, S.A., Institución de Banca Múltiple Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 01:15 am EDT
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Banco del Bajío, S.A., Institución de Banca Múltiple reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was MXN 5,526 million compared to MXN 4,297 million a year ago. Net income was MXN 2,755 million compared to MXN 2,109 million a year ago. Basic earnings per share from continuing operations was MXN 2.32 compared to MXN 1.77 a year ago.
For the nine months, net interest income was MXN 16,292 million compared to MXN 11,232 million a year ago. Net income was MXN 8,228 million compared to MXN 5,446 million a year ago.
Banco del Bajio SA Institucion de Banca Multiple is a Mexico-based financial institution (the Bank) engaged in the banking sector. The Bank offers financial products and services to individual customers, small and medium-sized companies, corporations and governmental bodies. Its products range includes current and savings accounts, personal and commercial loans, mortgage, credit and debit cards, investment funds, securities brokerage, insurance policies, foreign currency exchange, leasing and factoring, international trade financing, as well as fiduciary services, among others. The Bank also offers services through a mobile and Internet platform. It operates a number of branches across Mexico.