Banobras Celebrates Its 90th Anniversary

Ninety years after its establishment, Banobras renews the social vision that gave reason to its rise, back in the 1930s.

  • During the daily morning press conference with President Andres Manuel Lopez Obrador and subsequent commemorative event for the 90th anniversary, Banobras Director General reported on the progress and achievements of this Development Bank institution.
  • Banobras actively participates in priority projects of the Mexican Government. The Bank’s loan portfolio has grown 26% in this administration and represents 2% of the country´s GDP. The direct loan portfolio positions the bank as the fifth in the national financial system and the first among Development Banks.
  • From December 2018 to December 2022, the institution granted more than USD 24 billion in financing to states, municipalities, projects, and the federal public sector, with a clear focus on the southern region of the country.

Press Release

Potential Strategic Alliance of CFE for Natural Gas Infrastructure

The Federal Electricity Commission (CFE), Carso Energy (a subsidiary of Grupo Carso), and Sempra Infrastructure (a subsidiary of Sempra – NYSE: SRE, BMV: SRE) through its affiliates, signed a Memorandum of Understanding (MOU) to increase the electricity generation capacity of CFE in the states of Sonora and Baja California, and boost the natural gas industry in the northwest region of Mexico, supporting the energy security of the country and the objectives of the Mexican Government.

Source: CFE

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