The next government has the historic opportunity to take advantage of the company relocationthe macroeconomic stabilityand the enormous growth potential of Mexico, to take the country to a higher level.
Of course, you must be aware of the responsibility of providing companies with energy, labor and legal certainty, so that investments continue to arrive, he considered. Francisco Lirageneral director of Actinver Bank.
As part of the 87 Banking Conventionthe manager assured in an interview that one of the country’s great challenges is to provide a clean energy sector, in line with the global trend, and sufficient for everyone.
The challenges also cover sectors such as education, since the generation of quality engineering is required; as well as security and respect for institutions to guarantee the arrival of more companies, and this enhances the national economy.
Under this context, a few months after the end of the current administration, the general director of Actinver assured that a success in this six-year term was to provide sufficient macroeconomic stability, which was combined with the conflict of USA with China so that commercial participation could be gained with the northern neighbor.
These elements have allowed a lot of foreign direct investment for the development of the country; while the part of the banks is healthy, with a capitalization index above the regulatory minimum that allows you to be ready to capture opportunities.
“There are historical profits, with very high rates, but the portfolios are very healthy, with very controlled delinquency rates. This combination makes the profitability rates of the banks and the profits that we are reporting in the Mexican financial system historic.”
This year they will not only take place elections in Mexicobut the United States will also have its own elections to elect the next president.
This, without a doubt, generates uncertainty and there could be a period of pause on the part of investors and businessmen until they have clarity about the future.
“However, the fundamentals are there. All this deleveraging of Covid-19, the drop in inflation and the drop in rates It seems that it is going to be a very soft landing and it is not going to disrupt both the Mexican and American economies,” he confided.
In retrospect, the banker pointed out that the health crisis was dealt with well, because the economy did not stop and good support was provided from both the government and the banks. The latter provided adequate support to companies and individuals to restructure their portfolios.
“It was handled very well, I believe it has been a success story, having the facilities of the regulators and the commitment of the bank with the organizations.”
Faced with the possibility that Mexico will have a woman at the head of the Executive Branch for the first time, Francisco Lira, general director of Actinver, reflected that the gender of whoever occupies the presidential chair does not matter, but rather the capacity and commitment they have to grow the country to its potential.
“Mexico is destined for success. I see it very well and I love that we are having this diversity, because Women have a sixth sense that men do not have.. I am very pleased that there is this alternation. “She has to be very capable and committed to continue moving the country forward.”
The banking of the future
In recent years the banking sector has evolved by leaps and bounds, but in a decade the outlook looks even more promising. Francisco Lira projected that there will be a great evolution in the Mexican market due to the innovation that new participants have.
The banks will not be alone, since the convenience stores and self-service chains They will offer credit products or seek to be on the side of commercial banking. In addition to this, the Fintech They would participate in serving the retail model with credit cards, payroll advances, cashback, among others.
“These convenience stores are going to be mini bank branches. Banks have to evolve so as not to depend on these services but to give added value to people in mortgages, investment support, retirement plans, and on the side of legal entities, take this integration to a global level for this reason. friendshoring to the United States”, he concluded.
