BBVA organizes conference with Felaban, the association of banking employers in Latin America


This morning, BBVA brought together key representatives of the Latin American banking sector at its headquarters in Ciudad BBVA, Madrid, to discuss the challenges Latin America will face in the years to come. The delegation included representatives of banking associations from Mexico, Colombia, Peru, Uruguay, Costa Rica, Panama, Venezuela and Bolivia, and was led by Beltrán Macchi, President of Felaban and Vice- president of the Paraguayan Banking Association. The Spanish Banking Association (AEB) was also present.

BBVA representative, Jorge Sáenz de Azcúnaga, responsible for BBVA country monitoring, welcomed the guests and shared the keys to the current situation in Latin America.

The executive said that although 2020 has been a very difficult year for the region, with an 8.9% drop in GDP and a very significant socio-economic impact, there is still reason to be optimistic. “In the short term, we think there are clear tailwinds for GDP, such as commodities or global growth, not to mention long term growth potential.” In this sense, he added that BBVA has become an international benchmark thanks to its presence in Latin America, a region with enormous growth potential, where it has leading franchises in markets such as Mexico, Peru, Argentina and Colombia.

“BBVA’s global image could not be fully understood without its presence in Latin America.

On the other hand, the executive noted that the low level of banking penetration (over 40% of the adult population does not have a bank account) offers enormous opportunities, as well as the demographic factor of having a population. very young. On this point, Sáenz de Azcúnaga mentioned that Felaban, banking associations and banks “have a huge responsibility” to continue to provide financial services to the company. “During the crisis, we, the banks, supported our customers, with moratorium programs, greater flexibility and government support initiatives, but we also worked to try not to reduce banking penetration in the region. “, he reiterated. Going forward, he added that digitization is expected to be one of the main drivers of banking penetration in the region.

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