Santander to Invest Up to US$4 Billion in Mexico, Says Sheinbaum

During her morning conference, President Claudia Sheinbaum announced a significant investment in Mexico valued at up to US$4 billion. While exact figures were not disclosed, Sheinbaum stated that Santander’s planned investments in the country range between US$2 billion and US$4 billion.

Ana Botín, Executive Chair, Santander, reaffirmed the bank’s commitment to Plan México, a government initiative designed to bolster key economic sectors and attract foreign investment. She emphasized that Mexico remains a priority market for Santander due to its economic stability and growth prospects.

As part of this strategy, Openbank Mexico has launched its Open Debit Account, offering a 12.5% annual return on savings. The platform includes debit and credit cards, SPEI transfers, and free access to over 10,000 Santander ATMs nationwide.

“Our offering combines an advanced digital banking experience with the best of fintech, supported by the trust and strength of a leading international financial group,” said Matías Núñez, CEO, Openbank Mexico.

Deposits at Openbank Mexico are protected by the Institute for the Protection of Bank Savings (IPAB). Credit rating agencies Moody’s and Fitch have assigned high ratings to Openbank, highlighting its financial stability and long-term potential, as previously reported by MBN.