“We do need a bank, and it was an opportunity. It is an opportunity, if they talked about 7,000 million dollars (mdd), and they have to pay 2,000 million dollars in taxes for the public treasury, there are 5,000 million dollars left, (you can participate through) a public-private partnership, where the government contributes another amount, we can have up to 3,000 million dollars, and 2,000 million dollars that are sold in shares to Mexicans, to Mexicans who want, everyone, because it is a good business”, said the president in the morning conference.
After Citigroup will announce this morning that it will make an initial public offering (IPO) of the consumer businesses, small businesses, and banking services to medium-sized companies of his Banamex unit in Mexico, the president explained that he will speak with the Secretary of Finance, Rogelio Ramírez de la O to consider the option, because the government could disburse money to the purchase.
“We could do it, 3,000 million dollars is approximately 600,000 million pesos, a little less because it’s at 19 pesos to the dollar, do you know how much margin we have? Nothing else in debt that we could contract to be like the indebtedness that Felipe Calderón or Enrique did Peña Nieto?, three points below the GDP; 300,000 million pesos is a point of GDP; 900,000 million pesos are three points of GDP, so we do have it, it is not to brag, but public finances are strong, “he said