- CEO
- Iván Lomelí León
- Full Time Employees
- 5,863
- Sector
- Finance
- Industry
- Major banks
- Address
- Avenida Manuel J. Clouthier No. 402 León GJ Mexico 37128
- IPO Date
- Jun 8, 2017
- Business
- Banco del Bajío, S.A., Institución de Banca Múltiple operates as a full-service commercial bank headquartered in León, Mexico, founded in 1994. The bank provides a comprehensive range of financial products and services including corporate, SME, and retail banking; business loans, commercial and personal mortgages; investment funds; leasing and financial factoring; insurance products such as car, home, life, and business insurance; credit cards; electronic and mobile banking services; foreign exchange; trust contracts; payroll services; and digital payment solutions. It services more than 1.1 million customers primarily in Mexico across 29 states through a network of 324 branches and over 800 ATMs.
Banco del Bajío’s core business is centered on loans and financing, including working capital, fixed assets, commercial loans, factoring, and leasing, with a strategic focus on the SME sector and agribusiness, which represent significant parts of its portfolio. The bank also offers diversified insurance and investment solutions aimed at individual and corporate clients.
Recent major developments include a strategic expansion in its personal banking segment, notably boosting consumer credit, mortgage, automotive loans, and credit card offerings supported by ongoing technological modernization and service digitization. In 2024, the bank increased its number of bankers serving corporate and SME clients to enhance market capture. Its loan portfolio grew by over 10% in the twelve months ending mid-2024, driven by a 12.1% increase in corporate and SME loans and a 35% surge in consumer loans. Banco del Bajío continues to expand its geographic reach and product diversification to sustain above-peer growth rates.
The bank operates primarily in Mexico, targeting individuals, SMEs, corporations, and government entities, maintaining a strong regional presence with a concentration on the Mexican market. It is recognized as one of the most dynamic niche banks in Mexico and ranks as the eighth largest Mexican bank by assets. Its business segments include banking and credit transactions, rediscounted transactions, and treasury activities.
Banco del Bajío is publicly traded under the ticker BBAJIOO.MX and maintains a sizable portfolio and client base, underscoring its position as a significant player in Mexico’s banking and financial services industry. Its continuous product innovation, technological investment, and strategic hiring initiatives underpin its recent operational expansion and revenue growth.