Santander to invest $2 billion in Mexico despite tariff threat

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Santander to invest $2 billion in Mexico despite tariff threat

Mexico City, Mexico — Spain’s biggest bank, Santander, on Tuesday announced investments totaling more than $2 billion over three years in Mexico, hailing the country’s “enormous” potential despite trade tensions with the United States. The group unveiled the launch of its fully digital bank, Openbank, in Latin America’s second-largest economy, which is wooing investors in

Mexico News Daily

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Spanish bank Santander to invest US $2B in Mexico

Spanish bank Santander is poised to invest more than US $2 billion in Mexico over the next three years, said Banco Santander head Ana Patricia Botín said in Mexico City on Tuesday. Botín made the announcement during an event at which she presented Santander’s 100% digital bank, Openbank, which has been operating in Mexico since November. Banco Santander Executive Chair Ana Patricia Botín, center, was in Mexico City on Tuesday to meet with Mexico…

Bloomberg

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Santander to Invest $2 Billion in Mexico Despite Tariff Risks

Banco Santander plans to invest more than $2 billion in Mexico over the coming years as it seeks to at least double its size in the country, the lender’s Chairwoman Ana Botin said.

El Pais

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The president of Banco Santander, Ana Patricia Botín, announced this Tuesday an investment of more than 2 billion dollars in Mexico and the start of operations in the country of Openbank, the 100% digital bank of the group. “Mexico is the country where we have the greatest potential for growth. It is one of the countries where we have invested the most in recent years and where we will invest the most from here on out,” said Botín at a press con…

El Financiero

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Claudia Sheinbaum advanced it: Santander will invest about 42 billion pesos (2 billion dollars) in Mexico, announced Ana Botín, president of the group, on Tuesday, February 18. The investment will be both in the institution itself and in its digital bank Openbank, added the directive. What do we know about Openbank, Santander's digital bank?It is a bank parallel to Santander, with a differential offer for the client, but with the advantage of be…

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Santander to invest over €1,915 million in Mexico in next three years

The Corner Norbolsa | The bank has announced an investment of more than €2 billion (around €1.915 million) in Mexico over the next three years, emphasizing that it is the country where they see the most potential growth, following a meeting between the president of the Santander, Ana Botín, and the Mexican president, Claudia Sheinbaum. Botín also highlighted the stability of public finances in Mexico and that “the macro part is working”...