The most important financial meeting in Mexico has started Thursday on the coast of Nayarit. The captains of the 51 banks in the country changed the ties to the Guayaberas to go to the beaches of Nuevo Vallarta and address the economic challenges with the main flat of the Government of Claudia Sheinbaum. The 88 Banking Convention of the Mexico Banks Association is carried out under the shadow of the United States protectionist policies, measures that threaten to derail the growth train that the financial system has presumed in recent years, and in the midst of signs of the past. Julio Carranza, president of the banking employer, acknowledges that although there will be no recession this year, they do provide a fairly low growth of the economy, of 0.2%. “The arrival of the new US government and all these changes, I tell President Trump’s tidal to adjust all his commercial policies, all this affects the growth of all the economies of the world and Mexico is not far behind,” he said this morning at a press conference to media.
The bankers will receive President Claudia Sheinbaum this afternoon, who has recently called for the review of the Fobaproa, the bank rescue that occurred in 1994, in the then government of the PRI of Ernesto Zedillo. Questioned about the opening of the banking sector for the evaluation of the Fobaproa, Carranza, indicated that “it uses” to review what happened in the past, however, he considered that what he pays, is really to think about the solutions for the future and on the opportunities of the country. “We are talking about a situation that happened more than 30 years ago, when the regulation and situation of our country were completely different. What happened at that time is that, because we did not have a regulation as complete as we have it today, the bank was part of the problem. Today we are with a regulation with the best standards worldwide and that allows us to have a very well supervised bench today, which today makes the bank in part of the solution,” he said before the media. The creation of this banking fund has re -jump to the headlines after a series of darts that have launched mutually President Zedillo and Sheinbaum.
In the same forum, Eduardo Osuna, general director of the BBVA Mexico Financial Group, explained that the bank rescue was carried out so that the savers of Mexico received their deposits. “It was a rescue aimed at depositors to preserve the payment system and that was very important to avoid a deeper crisis we live in,” he settled. Raúl Martínez-ostos, vice president of the ABM, said that in the event that the fobaproa debt would stop paying “it would be a very negative signal” and in general to all local and international creditors of Mexico and that would generate an additional risk. In its annual balance, Carranza stressed that the nervousness caused by Trump tariffs will stabilize and can retake the growth path in credit placement. This year, the prognosis of private credit is an increase of 7.1%. “We do not see a recession this year, but a fairly low growth while all this stabilizes,” he said. The president of BancoPpel Board of Directors also explained that Mexican banks has 1.3 billion pesos to continue financing the development of our country.
In other trenches, Carranza explained that the bank invests about 25,000 million pesos in technology to better take care of customer savings. With a tendency to digitalization of services, the risk of cyber attacks also increases. In this transition, the large traditional banks, with thousands of branches in the country, now also travel to digital banking, another of the central themes of this conclave.
The financial system has served as the thermometer of the internal and external turbulence that faces the country in the first mile of 2025. If last year, the economy grew 1.2% this year just a 0.2% rise is expected. To prevent this fall from being deeper, the Mexican bank will commit this afternoon with the president Sheinbaum to open the key to financing to small and medium enterprises. “We do not start from scratch, today the bank has 500,000 million pesos granted to the MSMEs, that represents 8% of all credit to the private sector, but of course, the issue of informality, the lack of financial education pays for the fear of these companies to request financing and self -exchanges and do not have a business account,” he adds.
Bankers, financial authorities and financial leaders will discuss key issues such as cybersecurity, financial inclusion, digital transformation and sustainability during the two days of the Convention. In 2024, the Mexican banking sector had a year of bonanza with historical profits for more than 288,000 million pesos, according to the National Banking and Securities Commission (CNBV). In addition, the credit portfolio grew 8.3%, exceeding 7.6 billion pesos, while the total collection last year was 6%reaching 9 billion pesos and the delinquency index stood at 2.02%, a slight improvement with respect to 2023.
