Monday, September 15, 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.

Ghouls, ghosts and…Grandma? Mexican perspectives on aging

0
Far from being packed off to live in a home, elderly people in Mexico remain a focal point of family life — and a respected one too.
A soldier records the passage of Armed Forces helicopters during rehearsals for the Military Air Parade marking the 215th anniversary of the start of the Mexican War of Independence

Mexico’s week in review: Market confidence, China tariff hikes and military scandal

0
Other headlines included a move by Peru to declare Mexico's president a persona non grata, a one-year high for the peso and fatal roadway accidents that left over 100 people wounded.
News quiz

The MND News Quiz of the Week: September 13th

1
Trash, tariffs and tourism: Have you been following the news this week?
BETA Version - Powered by Perplexity