More Investment to Mexico from Spanish Banking Giants

Banco Bilbao Vizcaya Argentaria, the Spanish banking giant, plans to invest about $2 billion over the next three years in its Mexican counterpart BBVA Bancomer. This move is a key step in BBVA indicating its confidence in Mexico's future. CEO Francisco Gonzalez said that the money will be put forth for branch expansion, additions of ATMs and payment terminals, and to promote mobile banking. Another vote of confidence in Mexico's future is indicated by BBV's move to complete their corporate offices in Mexico City.

Photo credit: Latin American Herald Tribune