Jorge Mendoza Sánchez, General Director of the National Bank of Works and Services (Banobras)affirmed this Tuesday that in the last four years the bank has established itself as the fifth largest banking institution in the Mexican financial system.
In the morning conference of the President Andres Manuel Lopez Obradorwho led the celebration of the 90th anniversary of the bank’s foundation, Jorge Mendoza Sánchez explained that he managed to increase the loan portfolio in this six-year term and that 486 billion pesos have been disbursed in credit to the most important priority projects.
“During the last four years, we have managed to increase the size of the bank in terms of the loan portfolio by 26% and This allows us to consolidate as the fifth largest bank in the Mexican financial system,” Indian.
In the National Palace, Jorge Mendoza Sánchez said that Banobras provides more resources to the Government of Mexico for priority works in the states.
He pointed out that this growth occurred with good results and therefore, based on profits, he has been able to deliver 48 billion pesos to the Ministry of Finance. (SHCP)which They have been used for other priority infrastructure projects and to strengthen the rest of the development banks.
He reported that we have managed to disburse 486 billion pesos in credit to the most important priority projects.
“This growth occurred with good financial results, and therefore, based on our profits, we have been able to deliver 48 billion pesos to the Ministry of Finance, which were used for other infrastructure projects, priority projects, and also to strengthen the rest of our development banks have managed to disburse 486 billion pesos in priority projects”.
He stated that Banobras has been the main financial tool for the government con 234 thousand 624 million pesos for priority projects such as the Mayan Train, the Mexico Toluca Interurban, the AIFA branch Suburban Train, among others.
Earlier, President Andrés Manuel López Obrador assured that Banobras has been an important institution for the development of Mexico.
“We are going to celebrate the historical fact that yesterday marked the 90th anniversary of the creation of the National Bank of Public Works and Services (Banobras), which has been an important institution for the development of Mexico,” he said.
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