The firm acknowledged that 2016 was a difficult year for the ‘brexit’ and the now president of the united states; provides for a volatile environment, but better in 2016.
MADRID (Notimex) -
Ana Botín, president of Santander, expressed this Wednesday its confidence in the economic strength of Mexico despite the measures taken by the us president, Donald Trump.
Loot, he assured that the measures have an immediate effect on the exchange rate between the peso and the dollar, which has an impact on the trade balance of the company.
“Mexico is a country with strengths and our bank will do well in relation to the mexican economy as it has done in Brazil”, stated when questioned about the impact of the proposed Trump.
according To the president, the main impact is the change in the exchange rate, which affects the benefits of the group, given that Mexico represents 8% of the same.
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according To the agency AFP, the net profit of the bank increased by 4% during 2016, while Mexico advanced by 0.1% by the fall of the weight.
“The 2016 has been a good year for Santander, in an environment quite complicated: we have had several unexpected factors such as the Brexit, and lower interest rates. Despite the fact that we have complied with all the commitments,” explained Botín.
For this year, Santander provides an environment “volatile, but better than in 2016″, in the markets where it has presence.
last December, the financial group announced an investment of 15,000 million pesos (mdp) in the country in the areas of systems, branches and new products.
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