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.
On Sunday, President Claudia Sheinbaum led a rally at the Monument to the Revolution in honor of the second anniversary of her election in 2024.

Mexico’s week in review: Sheinbaum pushes back on US pressure as World Cup nears

0
Against the backdrop of festive preparations for the 2026 FIFA World Cup, the first week of June proved to be one of the most charged of Claudia Sheinbaum's presidency. Here's what happened in Mexico from June 1 to June 5.
NWS fly

Screwworm parasite arrives at the US border, with new cases in Coahuila and Texas

0
The flesh-eating parasite has now been confirmed from southern Mexico all the way to Texas, with human cases reported in multiple Mexican states.
An aerial view of Azteca Stadium, re-labelled Mexico City Stadium ahead of the 2026 FIFA World Cup

Everyone working the World Cup needs a FIFA badge — even the pizza lady

1
MND's Peter Davies reports from the FIFA accreditation line, where an army of vendors, journalists and other stadium workers are preparing for the biggest sporting event of the year.
BETA Version - Powered by Perplexity