René Saúl, the CEO of Kapital Grupo Financiero, addressed concerns during the 89th Banking Convention regarding the continued underfunding of small and medium enterprises (SMEs) in Mexico. He noted that while the banking sector has made strides in providing access to financing for these businesses, there is still a critical need for focused attention and support from financial institutions and government authorities. He argues that the flexibility of credit offerings needs improvement to cater to the unique needs of SMEs, which form a backbone of the Mexican economy.

SMEs contribute approximately 50% of Mexico's GDP and account for 80% of jobs, making their financial health crucial to overall economic growth. Saúl pointed out that increasing access to credit for these enterprises is not just beneficial for them individually but is essential for stimulating the broader economy. He emphasized that development banks play a vital role in reaching more companies within this sector, thus enhancing their capabilities and sustainability.

Despite the positive outlook and existing commitments by the banking sector to support SMEs, challenges remain. Saúl's remarks underscore the need for enhanced collaboration between banks and development authorities to create a more supportive environment for SMEs. Without significant improvements in financing accessibility, the potential for economic growth and job creation within this vital sector may be hampered, requiring immediate attention and action from all stakeholders involved.