BBVA Bank will invest more than 100,000 million pesos (about 5,000 million dollars) in Mexico between 2025 and 2030, its president, Carlos Torres Vila on Tuesday, announced in the midst of an environment of economic deceleration and structural challenges for the country.
The announcement was made during the National Meeting of Regional Directors (RNCR) 2025 of BBVA Mexico, before more than 500 entrepreneurs and authorities in the Mexican capital.
“It is not only investment. It is confidence, it is long -term vision. It is commitment to the more than 30 million customers we serve in the country,” said Torres Vila.
Torres Vila explained that the investment for the next six years in Mexico will focus on six pillars: customer experience, sustainability, growth in all business segments, internal value creation, technological innovation and artificial intelligence, and strengthening of human capital.
“And when we say more than 100,000 million pesos, it is because technology advances so fast that we have to modulate where we are directing this investment,” he said.
This is the largest amount that the financial entity has allocated to its main business, after the plan for the year 2019-2024 contemplated 81.4 billion pesos (almost 4,070 million dollars), above the 63,000 million pesos (about 3,150 million dollars) in the beginning.
During his speech, the president of the Spanish Bank recognized the impact in Mexico of tariffs and generalized uncertainty globally, which said has affected the confidence of business and consumers in the country.
However, he contrasted that Mexico’s economic perspectives in the medium term are better than those that will show the evolution of the national gross domestic product (GDP) in 2025, while the country points towards a deceleration.
“Mexico has structural strengths and competitive advantages to be strengthened in this increasingly complex world,” he said
For his part, the Secretary of Economy of Mexico, Marcelo Ebrard, said that this announcement is added as one of the main portfolio of more than 2,000 private, national and international investment projects, which total about 298,000 million dollars.
With EFE information
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