Friday, November 28, 2025

Army could build 13,000 branches of government’s new bank

The army, which is currently building a new international airport at the site of the Santa Lucía Air Force Base, may be called upon to build bank branches next.

President López Obrador suggested Tuesday that the army could build 13,000 branches of the new Banco del Bienestar (Bank of Well-Being) in less than a year.

“We’re looking at the possibility of military engineers building them . . .” he told reporters at his morning conference. “What’s important to us is to have them, we need the infrastructure.”

To that end, the federal government’s super-delegates in each of the states and Mexico City are seeking land on which to build the branches.

“. . . We don’t want them to be in marginal spaces, we want them to be a respectable office, a real bank. It’s going to be the bank with the best infrastructure in the whole country,” the president said.

López Obrador emphasized the importance of the bank as a more secure means to deliver government assistance provided through the new Secretariat of Welfare.

“We’ve had some 10 robberies [of resources] and people have lost their lives receiving welfare payments. So we don’t want to use cash, we want to use the [benefits] card in these 13,000 banks.”

Welfare undersecretary Ariadna Montiel reported that around 20 million pesos (US $1.02 million) of government assistance intended for senior citizens was stolen between January and September.

The robberies occurred in Chiapas, Hidalgo, Michoacán, Guerrero and Oaxaca.

The new bank replaces the federally-owned Bansefi.

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
trucks blocking highway

Mega-blockades continue into their fourth day as their effects start to hurt

3
As of Wednesday, 22 states were affected, with blockades causing delays on highways including Mexico-Guadalajara, Mexico-Querétaro and Cuernavaca-Acapulco.
Raúl Rocha

Arrest warrant issued for Raúl Rocha, Miss Universe co-owner and president

2
Rocha is suspected of running a trafficking ring, and has multi-million-dollar contracts with Pemex, where Miss Universe winner Fátima Bosch's father is a high-ranking official.
The Rio Grande or Rio Bravo flows through Big Bend National Park in Texas

US blames Texas crop losses on Mexico’s missed water deliveries

3
Mexico still owes nearly half the water that it was treaty-bound to deliver between 2020 and 2025. As drought persists in northern Mexico, will it be able to catch up?
BETA Version - Powered by Perplexity