Banobras Celebrates Its 90th Anniversary
Ninety years after its establishment, Banobras renews the social vision that gave reason to its rise, back in the 1930s.
- During the daily morning press conference with President Andres Manuel Lopez Obrador and subsequent commemorative event for the 90th anniversary, Banobras Director General reported on the progress and achievements of this Development Bank institution.
- Banobras actively participates in priority projects of the Mexican Government. The Bank’s loan portfolio has grown 26% in this administration and represents 2% of the country´s GDP. The direct loan portfolio positions the bank as the fifth in the national financial system and the first among Development Banks.
- From December 2018 to December 2022, the institution granted more than USD 24 billion in financing to states, municipalities, projects, and the federal public sector, with a clear focus on the southern region of the country.
