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January 30, 2023
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Nearshoring boosts Banregio’s growth

Nearshoring boosts Banregio's growth

“We have had a faster demand in those states that are more oriented towards the manufacturing export segment, but also from other types of industries, for example, agribusiness,” he highlighted in an interview with Expansión.

The banker said that in the last 18 months there has been an increase in companies requesting financing for the construction of industrial buildings “like never before.”

Nearshoring is an opportunity for Mexico that specialists have highlighted in recent months, especially after the pandemic, when China lost market by avoiding contagion and closing its doors to the import and export of merchandise.

Coupled with the renewed TMEC, Mexico has a greater opportunity to grow and Banregio knows that this trend is not just short-term, but is built over time.

“The effect of nearshoring is also the product of the change in company policies to try to better manage their environmental policy, because the fact of having operations closer without a doubt has a positive effect,” he added.

Rivero highlighted that the demand for credit in 2022, which grew 16.5% in the last quarter of 2022, comes more from the center and north of the country.

“We are growing at 12% and in some parts of the center it is like 18%, and what is center-south is growing at 8%,” he said.

By 2023, Banregio expects to grow its credit portfolio between 10% and 15% with amounts of more than 155,000 million pesos.



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