BBVA maintains its confidence in Mexico in the face of the presidential transition

Sheinbaum, who will take office as president on October 1, has a positive track record from when she served as Head of Government of Mexico City between 2018 and 2023 and said “all the things she has to say,” Genç said.

He also cited private investment from Mexico and opportunities for “nearshoring,” the practice of moving business operations to a nearby country rather than one farther away.

Genç highlighted Mexico’s growing role as a manufacturing hub, saying the country has overtaken China as the top exporter to the United States due to its lower production costs and skilled workforce.

He added that BBVA has gained 5 million new customers in Mexico in recent years, 85% of whom were acquired through digital means.