Raúl Martínez-Ostos, the general director and CEO of Barclays Mexico and Latin America, highlights that despite the banking sector's successes in contributing to the country's development, there are still significant areas where it can increase its involvement. He suggests that while banks can operate in 'pilot mode', to truly impact Mexico's development, they must engage deeply with the needs of the country and its people. This calls for a more proactive approach from the banking sector.

In the foreground of the upcoming 89th Banking Convention, Martínez-Ostos reiterates that the future of banking must align with public policy needs and the populations’ demands to develop essential infrastructure. He asserts that for banks to lend effectively to a broader range of businesses beyond traditional models, new conditions must be created. This includes a focus on informal sectors and enhancing digital solutions to better serve upcoming business needs.

Martínez-Ostos posits that addressing informal economic activities is crucial for development. As he points out, while the sector has laid foundational work, there remain strategic opportunities for banks to foster a more inclusive economic environment that can capitalize on digital advancements and meet the diverse financial needs of Mexican citizens. This reflects a growing recognition within the banking sector of its role in broader socio-economic development and its potential for contributing to national growth.