• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Five digital banks hold 200,009 million pesos in assets in Mexico, 1.2% of the sector

FinanceInternationalEl Economista40 s readAI summary
Image: El Economista

Five digital-origin financial institutions now operate as banks in Mexico: Openbank (early 2025), plus Revolut, Hey, Plata and Nu during 2026. According to CNBV figures for August, they hold 200,009 million pesos in assets, 1.2% of the sector total, which exceeds 16.4 trillion pesos. Nu, which began operating as a bank in August, reports 112,638 million in assets and a profit of 396 million. BBVA México, Santander and Banorte still lead by size.

In 40 seconds

  • The five new digital banks hold 200,009 million pesos in assets as of August, 1.2% of Mexico's banking sector.
  • Nu is the largest of the group with 112,638 million in assets (0.68% of the total) and a profit of 396 million pesos.
  • Banco Plata has 34,653 million in assets and losses of 1,652 million; Openbank reports 26,936 million and a negative result of 1,612 million.
Read the full story at El Economista

IASummary generated by artificial intelligence from a story by El Economista. It may contain errors: the original source prevails.

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