Banco del Bienestar celebrates its fifth anniversary with all its objectives fulfilled

Mexico Metropolis. Earlier than the tip of the present administration, the Banco del Bienestar has fulfilled the three main targets that had been set originally of the federal government: finishing the growth plan, incorporating all beneficiaries of social applications into the banking system and consolidating its system of dispersion of help from the applications, mentioned its common director, Víctor Lamoyi.

“The three important objectives had been satisfactorily met and, because of this, the Mexican financial institution is able to face new challenges and proceed engaged on the monetary inclusion of essentially the most weak sectors of our nation,” mentioned Lamoyi within the framework of the commemoration of the fifth anniversary of the federal government monetary establishment.

In response to the director, 2,750 new branches have already been put into operation, bringing the overall variety of branches to three,149, that are current in 2,701 areas in 1,970 municipalities within the 32 states of the nation, the place greater than 500,000 beneficiaries of the Welfare applications are served every day.

Relating to the incorporation of beneficiaries into monetary providers, the director identified that over the past 5 years, greater than 26 million debit playing cards from the monetary establishment had been delivered, for which the collaboration of different departments chargeable for social applications was counted on.

“Right this moment, every beneficiary receives their help, pension or scholarship with a card from the Financial institution of Mexicans,” mentioned the financial institution’s common supervisor.

And concerning the third purpose achieved, Lamoyi defined, the establishment already serves the beneficiaries of 14 social applications of the Mexican authorities; thus, throughout 2023, practically 500 billion pesos had been dispersed and for 2024 the quantity paid will attain 700 billion pesos.

“Banco del Bienestar is able to dealing with new challenges to proceed engaged on the monetary inclusion of essentially the most weak sectors of our nation and thus reap the benefits of the broad presence it has all through the nationwide territory,” it mentioned in an announcement.