Mexican lender considering investing in Turkey

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 Turkey.

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

“Turkey 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 Turkey.

Giving details about Turkish-Mexican trade, Minister Caglayan said Turkey’s exports to Latin American countries have increased by 48 percent. “Turkey 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 Turkey’s Garanti Bank. 
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