MADRID (Reuters) – Spanish lender BBVA’s Chief Executive Onur Grenc said on Wednesday he remained bullish on Mexico, the bank’s largest market, ahead of the swearing-in ceremony of incoming president Claudia Sheinbaum.
Mexico remains attractive in the long term thanks to its structural cost structure and leverage compared with its northern neighbour, the United States, Genc told a banking conference in London.
He also cited “private investment” and “nearshoring”.
Sheinbaum, who is due to take over as President on Oct. 1, has a good track record from when she served as head of government of Mexico City and was saying “all she needs to say,” Genc added.
(Reporting by David Latona, editing by Inti Landauro)
