Banking can be a great engine of social mobility and innovation
The banking sector in Mexico has made significant progress but still has opportunities to enhance its collaboration for greater social mobility, sustainable growth, and innovation, according to Marcos Ramírez of Grupo Financiero Banorte.
Mexican banking has seen considerable achievements that contribute to the country's advancement, although it also faces opportunities for enhancing collaboration. Marcos Ramírez, the CEO of Grupo Financiero Banorte, highlighted the sector's potential to further accelerate social mobility, sustainable growth, and innovation. In an interview during the 89th Banking Convention, Ramírez expressed a commitment to leading the way towards a more accessible, humane, and competitive financial system by working closely with clients and the nation.
He pointed out the resilience, responsibility, and adaptability demonstrated by the Mexican banking sector in recent years. This has allowed banking credit to continue its course and even record growth at an average rate 3.6 times higher than the economy. Amidst these achievements, the sector recognizes the need to continuously evolve and adapt to changing circumstances, particularly the digital transformation it is currently experiencing.
The potential for banking to act as a catalyst for innovation and social mobility emphasizes its critical role not just in financial terms but as a societal force. The collaboration between financial institutions and other sectors will be crucial in tackling the ongoing challenges faced by the economy, ensuring that the benefits of growth are shared more widely among the population, ultimately fostering a more inclusive financial landscape in Mexico.