The Spanish bank Santander will invest 15 billion pesos (US $738 million) over the next three years to modernize branches and develop new business.
It will be the bank’s biggest investment yet in Mexico, said Santander México executive president Héctor Grisi today.
It will include updating customer relations management systems and digital platforms, as well as the introduction of multifunction automated teller machines.
Santander has 1,076 branches in Mexico, employs 16,800 people and is one of the four largest banks in terms of assets.
Grisi said the bank will continue to invest in Mexico despite the uncertainty and volatility the country faces. “Whatever happens, Santander has a commitment to Mexico for the long term . . . these investments have to be made, come what may.”