Finance
Banco Santander announces over $2 billion investment in Mexico in three years
Published by Global Banking & Finance Review®
Posted on February 19, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 19, 2025
2 min readLast updated: January 26, 2026
Santander will invest over $2 billion in Mexico over three years, focusing on digital banking and growth. Executive Chair Ana Botin announced the plan in Mexico City.
By Diego Oré
MEXICO CITY (Reuters) - Spanish bank Santander will do various investments amounting to over $2 billion in Mexico during the next three years, the company's Executive Chair Ana Botin said on Tuesday.
Botin made the announcement during an event in Mexico's capital where the company presented it's 100% digital bank, Openbank, that is already operating in Mexico.
Earlier on Tuesday, Mexican president Claudia Sheinbaum announced the amount of the investment without giving further details, after meeting with Botin on Monday.
"We are announcing an investment program over the next three years of more than $2 billion, 42 billion pesos," Botin said during the event, detailing that the amount will be designated to Openbank, Santander Bank itself and other items.
"Mexico is the country where we see the greatest growth potential," she said, adding that it is one of the countries where the company is "going to continue investing the most from now on".
Santander's announcement marks an increase in the group's investments in the Latin American Country.
In 2003, Botin met with former Mexican President Andres Manuel Lopez Obrador and posted the bank's commitment to invest around 500 million dollars a year in the country until 2025.
Santander's Mexican subsidiary is one of the country's largest banks.
(Reporting by Diego Ore; Aditional reporting by Aida Pelaez-Fernandez and Raul Cortes; Editing by Sarah Morland)
Santander announced an investment program of over $2 billion, equivalent to 42 billion pesos, to be made over the next three years.
The Executive Chair of Banco Santander is Ana Botin, who made the announcement regarding the investment in Mexico.
Openbank is a 100% digital bank that is already operating in Mexico, and part of the investment will be designated to its expansion.
Ana Botin stated that Mexico is the country where Santander sees the greatest growth potential and plans to continue investing significantly.
In 2003, Santander committed to invest around 500 million dollars a year in Mexico until 2025, highlighting its long-term investment strategy.
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