The director added that regardless of whether it is a Mexican or foreign bank that buys Banamex, it must be an entity that has sufficient capabilities to manage the bank and that encourages investment in Mexico.
“The buyer can achieve a configuration in medium-sized banks, Mexico has 50 banks that generate a lot of competition, there are very good banks in certain niches and regions,” Osuna added.
On a possible risk of competition between Mexican banks after the sale of Banamex, Osuna ruled out that there will be no competition since there are three regulators that will supervise: Banco de México, Hacienda and Cofece.
“This transaction, far from having these negative edges, is very proactive, it is a shame that a global player like Citi decides to leave the retail, but there are other players that can enter the market, consolidate the market and generate greater conditions of competition,” he said.
BBVA Mexico said the bank’s plans are to maintain investments in technology in Mexico to attract more clients.
Earlier, the president of BBVA at a global level, Carlos Torres Vila, said that he does not want to speculate on the sale of the bank, that is, that they will pay attention to the process of selling the bank but “they are not after anything.”
