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.
A pot of alligator juniper saplings in a large greenhouse with a sign reading "Sabino" (Spanish for alligator juniper)

New pact aims to restore Mexico’s natural protected areas with 300 million tree plantings

0
Officials say the tree plantings will revive forests, protect wildlife corridors and boost rural incomes in 32 natural protected areas across the country.
Mexican schoolchildren

Education Ministry plan to cut school year by 40 days sparks backlash

0
The proposal to end the school year early due to the World Cup provoked such a strong backlash that President Sheinbaum found it necessary to distance herself from her education minister's plan.
Natural gas pipelines

Mexico to invest US $8B to expand natural gas pipeline network

0
Mexico has announced a push to build up gas pipelines and power plants, aiming to ease dependence on U.S. natural gas and secure its energy supply.
BETA Version - Powered by Perplexity