Home » Business » BBVA investors and businessmen, in “understanding and pause” with the government

BBVA investors and businessmen, in “understanding and pause” with the government

Mexico City. Currently, investors, businessmen and directors of BBVA, the bank with the greatest presence among those operating in the country, are in a moment of “understanding and pause” to make decisions, as they wait to see what policies the new government led by the president Claudia Sheinbaum, announced Eduardo Osuna Osuna, vice president and general director of the financial entity.

“We see caution, we have collected that from our clients, both national and foreign, they want to see what the new rules of the game will be, that is the message we are also receiving from regional advisors and foreign investors, and we are talking about long-term investors.

“And our message (that we give to them) is that indeed, we need to see that these rules are defined and that, above all, there are structural issues in Mexico that will continue to be there,” Osuna Osuna said at a press conference to present the BBVA financial results corresponding to the third quarter of the year.

Among these issues, he stated, he highlights that Mexico will continue to be in the “most productive region in the world” which is North America “because we are in a free trade agreement that has borne very good results in the last 30 years, Mexico will continue to be part of this.” .

“But there are many companies that already operate in Mexico and are very clear about what it means to be in this country. When we talk, for example, that foreigners make more reinvestment than new investment, it is because those who are here are growing and those who are not here are waiting.”

He added that another issue on which investors and clients and businessmen are about the budget that the new administration is about to present “or what is going to happen with the reform of the judiciary, but we also have some data that is not clear.” .

“That is why it seems that everyone is in a moment of understanding and pause, Tuesday, for example, will be key, we have the votes in the United States and the vote of the plenary session of the Supreme Court of Justice,” said Osuna Osuna. .

However, he noted, one of the positive aspects for the bank with the Sheinbaum administration is the high communication that has been had since the transition.

“The transition in which we have had more contact with the new government has been the latter, and it has to do with two reasons, it is a continuity in terms of the party in power, but also since the campaign we had a high level of contact with group and individual level. We have been talking about the different topics that they have on their agenda.

“Regarding investment, regarding the proposals that we can make to support each other, then yes, it has been a transition and a start of government where the level of interaction has been, probably, one of the highest that I have seen and that is good. , because it generates a good dialogue in terms of a sector that is very important for the country, which is banking, if banking is not close to what is done in economic projects and investment, there is a delay in execution,” added the director. from BBVA.

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