Number of banks in Mexico 2018-2023, by type
The number of banks in Mexico decreased between 2018 and 2023. As of December 2023, there were a total of 240 banks in Mexico, with Savings and Loan Cooperative Societies accumulating the highest number of institutions. Multipurpose banks, which are banking institutions that offer a wide range of financial services, accounted for the second-largest segment of the banking landscape, with 48 institutions across the country.