He change of government in Mexico and the economic proposals of the candidates to the presidency of the Republic are the main focus of discussion of the 87 Banking Conventionwhich is celebrated this April 18 and 19, in AcapulcoGuerrero.
The Association of Banks of Mexico (ABM) reported that the sector arrives at this event well capitalized, with sufficient reserves and with a purse of 1.4 billion pesos, to support the growth and finance new projects during the next sexennium.
During the first day of activities, the president of the ABM, Julio Carranza Bolivarwill present a detailed report on the progress and recovery of the credit in Mexico, which according to official data registers a growth of 30%, with double-digit advances during the last two decades.
Also, the Ministry of Finance and Public Credit (SHCP) will lead a forum dedicated to energy transition of the country and the strategies that have been implemented at the national level in the face of global migration to the energy clean.
As well as the challenges represented by the increase in demand for electricity, gas y fuels by the phenomenon known as nearshoring – the relocation of companies from China in Mexico – and the objectives met by the government from 4T in said matter.
presidential applause meter
For the second day of the 87th Banking Convention, the attention of the bankerssenior managers of the Bank of Mexico (Banxico), the Secretariat of Hacienda and the National Banking and Securities Commission (CNBV) will be focused on the participation and economic, financial and government proposals of the candidates to the presidency from Republic.
The economist and financial analyst, Mónica Urrutia, pointed out that this part of the event will be a kind of “presidential applause meter“, where Claudia Sheinbaum, Xóchilt Gálvez y Jorge Álvarez Máynezwill present their best cards to promote the growth of the economy and support the creation of employment.
In addition to its main strategies to generate a favorable economic environment for the arrival of foreign investmentwhich in 2023 reached a record of 36 billion dollars and which at the end of 2024 may exceed 40 billion, thanks to the flows of capital that promotes the nearshoring.
“A key point, which will generate more or less sympathy of the country’s bankers and senior financial officers, without a doubt, will be the commitment to maintain the autonomy of the Banxicothe proposal that Sheinbaum brings to analyze and redesign the T-MEC and the tax facilities or economic to generate new business.
“And something that all analysts and markets they hope they will be commitments of financing to support investment – public and private – in Mexico, to generate the infrastructure road, energy, health, telecommunications and the increase of credit banking to companies,” he said.
Solid banking and available credit
The most recent report of the WITHwhich will serve as the basis of the report that the president of the bankers, Julio Carranza, will offer this Thursday, indicates that the sector arrives with “very good health financial, based on a Capitalization Index (ICAP) of 18.8%, when the minimum required is 10.5%.
He refers that the capital inverted of the bank It went from 1 billion to 1.5 billion pesos so far in the six-year term, that is, an increase of 50%, which anticipates that the investment will be very important at the end of this year.
In addition to the coverage of the entire Past due portfolio reaches 150%, a figure that implies that the banks operating in Mexico have sufficient capital to cover the loans in non-payment and an additional 50% to avoid or counteract an eventual crisis.
In terms of profits, the ABM report highlighted that, during the last year, the bank registered Profits record for more than 273 billion pesos; as far as sexennium exceeded 958 billion and the flow of bank credit reached a growth of 30% in the current six-year term.
“President Andrés Manuel López Obrador arrived at the first Banking Convention in 2019 and said that he committed not to change the rules in banking, he fulfilled it during the six years of his government.”
— Julio Carranza, president of the AMB.
Bank credit in figures
- He report of the ABM reported that, between 2019 and 2023, the credit granted by the banking sector recorded the following figures:
- Private sector: 4 billion 696 billion pesos to 6 billion 20 billion pesos / growth 10.3%
- Companies: 2 billion 651 billion pesos to 3 billion 202 billion pesos / growth 7.8%
- Consumption: 1 billion 114 billion pesos to 1 billion 463 billion pesos / growth of 18%
- living place: 931 billion pesos to 1 billion 355 billion pesos / growth of 9%
- The total highway of credit to the private sector is made up of companies, consumption and housing.
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2024-04-24 12:58:34