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Banking Act. 12 Jun 2019

Carlos Torres Vila shares BBVA's commitment to Mexico with Mexican President Andrés Manuel López Obrador

BBVA executive chairman Carlos Torres Vila met today with Mexican President Andrés Manuel López Obrador at the National Palace in Mexico City. Torres Vila conveyed BBVA Group’s commitment with Mexico to the Mexican president and announced an investment of 63 billion pesos (about €2.9 billion at today's exchange rate) for the 2019-2024 period. During that time, BBVA will continue to contribute to Mexico’s economic growth by providing loans to families and businesses.

The BBVA executive chairman was in Mexico as a participant at the bank’s Annual Meeting of Regional Advisors 2019. He was joined in the meeting with President López Obrador by the chairman of BBVA in Mexico, Jaime Serra Puche, and the bank's vice president and country manager Eduardo Osuna. Also participating in the meeting were Carlos Urzúa and Arturo Hererra, secretary and under-secretary of Mexico's Treasury Department, respectively.

During the meeting, which was friendly and productive, Torres Vila and López Obrador addressed significant issues related to the delivery of banking and financial services for Mexico’s population. The BBVA executive chairman emphasized the Group's leading position in terms of innovation and technological transformation.

In Mexico, BBVA is a committed participant in the initiative to reduce the use of cash, thus fighting tax evasion and money laundering. Additionally, the bank is a clear example when it comes to fostering access to banking services and financial inclusion across a wide range of segments of the Mexican population. The Group’s reach covers 96 percent of the country’s adult population, which resides in 67 percent of its cities.

Torres Vila also repeated the assertion he had made at BBVA Mexico’s annual Meeting of Regional Advisors: “Mexico has grown with BBVA, and BBVA has grown with Mexico.”

BBVA executive chairman Carlos Torres Vila met today with Mexican President Andrés Manuel López Obrador at the National Palace in Mexico City.

Annual Meeting of Regional Advisors

Carlos Torres Vila’s visit to Mexico started on Tuesday at the BBVA 2019 Annual Meeting of Regional Advisors. In his opening speech, Torres Vila detailed the Group’s global rebranding and spelled out the main activities for the immediate future.

During a lunch with Mexico's Treasury Department Secretary Carlos Urzúa, Torres Vila stressed that BBVA’s work with the Mexican society serves as a model for the Group. In the last 12 years, the bank has invested 4.8 billion pesos into scholarships for the best and brightest talent in Mexico and has supported the construction of 25 schools damaged by the September 2017 earthquake.

“For us, more Mexico means more BBVA. A new phase with a unified, global brand begins today for BBVA. The consolidation of our brand does nothing less than build on our commitment to this country and create more value for our customers and employees,” he concluded.

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