Friday, December 12, 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.
Tourists swim and lounge on the beach in front of Puerto Vallarta hotels and condos

Despite court ruling, Puerto Vallarta plans to apply a modified foreign tourist tax

0
Municipal authorities are sure they have addressed the concerns of the Supreme Court, which had tossed out the tax law as vague and unconstitutional.
scene of parachutist landing

American skydiver unhurt after awkward landing in downtown Mexico City 

2
The 36-year-old reportedly jumped out of a small plane after midnight Tuesday, aiming for the Historic Center. He ended up landing a block from the Alameda and Bellas Artes.
President Sheinbaum

Forbes again names Claudia Sheinbaum one of the world’s 5 most powerful women

0
The magazine noted the Mexican president's use of nearshoring to lure investment places her at "the center of the manufacturing transformation in North America.”
BETA Version - Powered by Perplexity