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Home»News»Banorte will open the portfolio to governments and companies with the arrival of Tesla

Banorte will open the portfolio to governments and companies with the arrival of Tesla

Stanley BowersBy Stanley BowersMarch 14, 2023No Comments2 Mins Read
Banorte will open the portfolio to governments and companies with the arrival of Tesla
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The Mexican businessman highlights that the arrival of Tesla is a historic opportunity for the country and that the bank is ready to support an SME that seeks to set up a dining room for employees, to offer products such as payroll or give credit to new plant workers.

Hank thinks the nearshoring it should benefit companies in Mexico and not only in the northern region.

Although the forecasts for the Mexican economy show signs of a slowdown in 2023, Hank estimates that the arrival of new companies due to the nearshoring phenomenon will help boost the economy.

Banorte expects to invest around 13% of its annual income in technology and to give credit to individuals and companies. In the 2023 guide, Banorte estimated revenues of between 50.5 and 52.5 billion pesos.

“It is 13% of revenues. The plan will continue to be to increase our revenues and in the same way increase investments in the country,” he said.

Banorte will continue to provide credit responsibly in 2023, according to the banker, as it seeks to grow hand in hand with its clients and with the upcoming arrival of Bineo, its digital bank, the plan is to reach more Mexicans by competing with other banks.

“We have a much more agile response capacity, much faster than our competitors, precisely because we are the local bank, because we are close to Mexican men and women, because we know each one of their needs. Each one of the challenges they have , and have the capacity to respond in a more agile and accurate way”, he assures.

Read:  What is Mexico's ambition at COP26 on climate change?

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