A year later, the banks did not look bad. At the closing of 2023 they obtained historic profits which amounted to 273,314 million pesos, an increase of 15.2% compared to 2022.
The credit portfolio, which is the money that banks lend to people, companies and the government, amounted to 6.8 billion pesos, a figure higher than even what the Afores manage in the country.
The president of the Association of Banks of Mexico (ABM), Julio Carranza, said this week that the The profits that the banks have had have been thanks to the fact that the government did not modify the rules and that helped the bank achieve growth.
With more clients, manageable delinquency levels and the arrival of new figures, such as digital banks, the Association of Banks of Mexico (ABM) will also welcome and introduce a letter of introduction to the presidential candidates, Claudia Sheinbaum, Xóchitl Gálvez and Jorge Álvarez Maynez at the inauguration of the 87 convention in Acapulco .
The harsh moments between the bank and the president
The cordiality that is presumed now did not exist from the beginning. Before he won the presidential election, López Obrador told bankers that if there was fraud in the 2018 election he would go to Palenque, but he would not “tie the tiger,” referring to the fact that he would not be able to stop the protests if He would not become president.
In 2018, Morena senator Ricardo Monreal proposed a bill that sought to cap bank fees. Shares of institutions like Banorte fell up to 30%.
After months of debates and negotiations with the banks, it was agreed that the bank would simplify the commissions it charged the banks and that is how the bank committed to reducing commissions to 200 from the 800 that were registered.
At the 2021 Banking Convention, prior to his presentation with the bankers, the president said in the morning conference that the Bank of Mexico had raised the reference rate.
That statement became reckless since that decision would be announced by the central bank a few hours later. Once in Acapulco, the president apologized for having made public information that was private.
Six months away from Otis
Six months after the Hurricane Otis will devastate Acapulco and after two massive events such as the Tennis Open and the tourist Tianguis, the bankers return, hand in hand with the president, to Acapulco.
The available capacity of hotel rooms amounts to 9,500 rooms of the 21,000 that were the port's offer.
