Mexican Banking Sector Expresses Confidence in President Sheinbaum's Economic Plan

Mexico's banking sector has expressed confidence in President Claudia Sheinbaum's economic plan, despite challenges such as the relationship with the United States. Bankers support her actions and believe in the potential of 'Plan Mexico'. This endorsement comes as Sheinbaum engages with the banking community to enhance financing for SMEs. The banking sector in Mexico is robust, with all institutions reporting liquidity metrics at or above the required minimum. Julio Carranza, president of the Mexican Banks Association (ABM), stated that banks have ample funds available for lending. He emphasized that collaboration between the government and businesses is crucial for the country's economic success. Several banking leaders, including those from Banamex and HSBC, have praised Sheinbaum's approach to U.S. relations. While acknowledging risks such as a potential U.S. recession and the need for judicial reform, bankers remain optimistic about Mexico's economic prospects. They stress the importance of legal certainty, energy supply, and infrastructure to facilitate nearshoring and attract foreign investment.