The president and CEO of HSBC Mexico and Latin America, Jorge Arce, sees the bank becoming the main bank for clients in Mexico with international needs. Despite the adverse economic landscape facing the country, Arce believes that steps have been taken in the right direction to accelerate recovery, especially by clarifying the sectors in which the private sector can participate and support.
In a call to improve financial education for Mexicans, Arce urged all participants in the financial sector, including Fintechs, banks, and authorities, to collaborate on this aspect. For HSBC, he projects continuous growth and expects to remain an integral part of the system, serving sophisticated clients and facilitating their access to international opportunities.
Arce emphasized the importance of eliminating friction regarding permits and contracts to move from project proposals to their execution, ensuring that there are private resources available to finance initiatives that benefit Mexico. He highlighted the responsibility of banks in contributing to the country's economic development, expressing optimism about the future of the sector, and emphasizing the need for clear rules to invest in key projects such as energy and infrastructure.
HSBC Mexico, with assets representing 6.16% of the total banking sector and with solid capitalization and liquidity indicators, has significant relevance in the financial system of the country. Arce foresees an increase in banking penetration and in the number of clients in the coming years, highlighting the importance of expanding the list of infrastructure projects to take advantage of investment opportunities in Mexico.
The HSBC executive also pointed out Mexico's commercial openness through various international agreements, which expands growth opportunities. Despite challenging times, Arce trusts in the country's macroeconomic strengths and its ability to move forward in challenging situations. He projects robust growth in the banking sector by the end of the decade and underscores the importance of the institution in providing global connectivity through financial products and cutting-edge technology.
