Banco Plata Targets Profitability by 2027 Amid Rapid Growth and Efficiency Push

Banco Plata, which received approval from Mexican regulators to begin operations as a bank in February of this year, could start generating profits in 2027, provided it improves its operational efficiency and continues to rapidly grow its loan portfolio, according to a report by Moody’s Local Mexico.

Banco Plata’s main challenge is reaching the break-even point

To achieve this, the bank must improve its operational efficiency while maintaining rapid and sustained growth in its loan portfolio, which will improve its financial margin. This should lead to profitability by 2027, the agency said.

At the close of 2025, Banco Plata reported a gross loan portfolio of 12,619 million pesos, distributed across its two main products: credit cards and personal loans.

With this, the institution led by Neri Tollardo would position itself within the top 15 banks of the multiple banking system in terms of consumer credit portfolio , according to data from Moody’s Local Mexico.

During this same period, the bank reported a Non-Performing Loan Ratio (NPL Ratio) of 4.3%, above the average NPL Ratio for the credit card segment of 3.4%. Meanwhile, Banco Plata’s Adjusted NPL Ratio (APR) at the close of 2025 stood at 7.4%, comparing favorably against the APR for the credit card sector of the banking system of 13.0%, the agency added.

Regarding the Coverage Index (ICOR), Banco Plata reports strength levels that cover 3.6 times its non-performing loan portfolio, above the average reported by the banking system of 1.5 times as of December 2025, which is in line with a credit portfolio focused on the consumer sector.

Moody’s gives Silver a good rating

The agency assigned Banco Plata long-term local currency deposit ratings (Credit Counterparty Rating for Banks) of ‘A-.mx’, with a stable outlook; and ‘ML A2.mx’ for short-term deposits.

The notes take into account that Plata is an entity with a limited financial history that began operations as a Non-Bank Financial Institution (NBFI) in April 2023 and only recently began operating as a bank, although it also considers its rapid development as a brand in Mexico, becoming one of the country’s leading credit card issuers, according to the Moody’s Local Mexico report.

“The bank’s deposit ratings reflect the regulator’s authorization for Banco Plata to operate as a bank in February 2026 , following the granting of its banking license in December 2024,” the agency said.

__

(Featured image by Bhargava Maripati via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in EL CEO. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us