During 2022, the bank financed 1,568 sustainable homes, for a quantity of 2,992 million Mexican pesos (approximately $1 million). For 2023, it has announced that Will invest 100 billion Mexican pesos (approximately 5 billion U.S. dollars) in housing development in the country over the next five years.
According to the article, the investment will be used to finance housing projects across the country, including the development of affordable and sustainable housing. In addition, the bank has established a number of criteria environmental, social and governance (ESG) that projects must meet to be eligible for funding.
The objective of this initiative is to support housing construction and improve access to housing for the Mexican population, especially in areas where there is a great need for affordable and quality housing. The investment will also help boost economic growth and job creation in the construction sector.
In short, BBVA Mexico has announced significant investment in housing development in Mexico with the objective of improving access to housing for the population and encouraging economic growth in the construction sector. If you are a developer in Mexico and want to certify your next green building, contact us here.
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