2024-04-23 04:11:04
The bank is ready with 1.4 trillion pesos to lend and promote the nearshoringassured the president of the Association of Banks of Mexico (ABM), Julio Carranza Bolívar.
Within the framework of the 87 Banking Convention, which starts this Thursday in the port of Acapulco, Guerrero, Carranza Bolívar pointed out that the business of banks is to lend money, but they have to be sure of who and how they are going to recover it.
“We need to ensure that we are going to recover it, because the money is not ours, we are not risking our money, it belongs to the savers and that is very important to understand clearly.”
In an interview with this newspaper, the leader of the bankers highlighted the importance of banking regulation so as not to endanger the resources of financial institutions.
He highlighted that one of the country’s challenges is that of 4.8 units of small and medium-sized businesses, 3 million are informal and this is perhaps one of the main challenges for the country, where it is necessary to work together between banks and the Government.
He considered the need to create an environment of financial education that builds confidence for SMEs, but we must also have guarantee programs with the development banks to remove millions of small firms from informality and see what growth is expected. can get.
He explained that the companies that take credits Banking companies that are in formality can invest seven times more, generate six times more income, produce five times more manufacturing and achieve four times more jobs.
Julio Carranza Bolivarwho is president of BanCoppel, explained that this year when they will have the presidential candidates at their convention, they will ask them not to change the rules for banking, and that the rule of law in Mexico be taken care of and that trust and certainty be given to that investment is attracted to the country.
He emphasized that they will also ask the candidates for the Presidency of the Republic, strengthen investments in infrastructure in the coming years, such as electrical energy, which is required by firms the size of the car manufacturer Tesla.
He indicated that the federal work will be essential for the relocation and exemplified that in the electric car plant that Elon Musk plans in Monterrey, with an investment of 10 billion dollars, schools, roads, electricity will be needed, so there SMEs can be included and the authorities have to work hand in hand with the banks.
Carranza Bolívar assured that bankers arrive at their Convention optimistic, although there are aspects such as inflation, rates and the exchange rate on the radar, “we have to remember that we come from a pandemic that caused one of the worst crises worldwide and that brutally triggered inflation, supply chains were cut and this caused product prices to skyrocket.”
“I think we have made great progress… we come from inflation that reached almost 8% and today it has been going down a lot.”
He recognized that the danger at this time is underlying inflation and it is the one that must be taken care of that can be lowered further.
He projected that the country will grow between 2.7% and 2.8% and if we do the job well we can reach 3%. “Another of the important challenges this year is the landing of the deficit… it is going to grow very significantly and the Government has said that this year it will finish its priority works and then it should be a non-recurring expense.”
Carranza stated that it is another of the challenges that Mexico has that the priority projects (Mayan Train, Dos Bocas) “really land this year and do not carry a programmed expense for the following years to come.”
The president of the ABM emphasized that the Convention was decided to be held in Acapulco to support the port after the devastation left by the passage of Hurricane Otis.
“Here in Acapulco we have held 40 of the 87 Banking Conventions… and we understand that Acapulco needs us, that is why we decided to stay here and we will have an important event where everything is ready to receive all the attendees we expect.” /
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2024-04-23 04:11:04