BBVA announces $1.5bn investment

By Elliot Bullman

Spanish banking group, owner of Bancomer, is bullish about Mexico's future

The owner of Mexico’s largest bank will invest US $1.5 billion over the next five years on software and intelligence to improve efficiency and bring it closer to customers.

Portada bbva

The executive chairman of Spanish financial group BBVA announced the investment and confirmed at the same time the company’s confidence in Mexico.

”We are long-term investors and I hope we get more opportunities to continue to invest,” said Francisco González during a visit to Mexico City.

Cddemejico

Gonzalez said that he has an enormous confidence in Mexico, in BBVA Bancomer, in his team and the Mexican business community.”

González recognized that Mexico has challenges as a result of political change in the United States, but observed that Mexico is strong enough to withstand it.

Torre_BBVA_Bancomer

“It is one of the most attractive countries in the world for investments, with a young population.

And Mexico is a vibrant country with great strengths. Its 120 million people are very young and fully motivated to do great things. Mexico is stronger than most people think, thanks to its population, its close relationship with the U.S, the dynamics of its industries and its business community.”

RELATED NEWS

  • Corruption and impunity, the biggest challenge for 2018Corruption and impunity, the biggest challenge for 2018
  • CDMX toughens rules for transport apps; goodbye to UberpoolCDMX toughens rules for transport apps; goodbye to Uberpool
  • At least 217 dead after powerful earthquake hits central MexicoAt least 217 dead after powerful earthquake hits central Mexico
  • The surprising change of mood in 2017The surprising change of mood in 2017
  • Hurricane Hurricane 'Irma' will cause more cruise demand for Mexico
  • Merida, Yucatan fast becoming an industrial powerhouseMerida, Yucatan fast becoming an industrial powerhouse
  • Manpower predicts biggest recruitment surge in Mexico for 20 yearsManpower predicts biggest recruitment surge in Mexico for 20 years
  • 676,241 formal jobs are created between January and August 2017676,241 formal jobs are created between January and August 2017
  • Apple suffers Apple suffers 'major iPhone X leak'
  • Government signs agreement with Chinese e-commerce giant AlibabaGovernment signs agreement with Chinese e-commerce giant Alibaba
  • Who foots the bill for Mother NatureWho foots the bill for Mother Nature's Destructive Fury?
  • Shell opens first Mexico gas station, eyes up to $1 billion investmentShell opens first Mexico gas station, eyes up to $1 billion investment
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017