Mexican lender considering investing in Türkiye

Sabah - Looking for new investment opportunities in countries with rising political and economic influence, Mexico’s largest banking institution Banco Bilbao Vizcaya Argentaria (BBVA) Bancomer has set its sights on Türkiye.

The lender is seeking investment opportunities in Türkiye, according to its Managing Director, Eduardo Arrangoiz Crespo, leading a delegation of Mexican businesspeople on a visit to Ankara. The delegation met with Türkiye’s Minister of Economy, Zafer Caglayan, exchanging views on developing cooperation opportunities in a variety of fields between Türkiye and Mexico.

“Türkiye offers a great deal of opportunities in many different sectors,” said Crespo during the meeting, adding that BBVA Bancomer intends to establish co-operations in Türkiye.

Giving details about Turkish-Mexican trade, Minister Caglayan said Türkiye’s exports to Latin American countries have increased by 48 percent. “Türkiye and Mexico have a trade volume of USD 661 million as of 2011,” Caglayan noted.

BBVA Bancomer is parented by Spanish BBVA, a stakeholder in Türkiye’s Garanti Bank. 
turkey; banking sector; turkey mexico trade; bbva bancomer; bbva spain