BBVA and CAINTRA Partner to Boost SME Growth in Northern Mexico
By Israel Molina
January 6, 2025
BBVA Mexico and the Chamber of Industrial Transformation of Nuevo León (CAINTRA) aim to promote, develop, and strengthen more than 4,500 small and medium-sized enterprises (SMEs) affiliated with the chamber.
Through a strategic agreement, both organizations plan to create and offer tailor-made products and solutions that foster the growth of this sector in northern Mexico.
Jaime Ortega, Director of Business and Government Banking for BBVA Mexico’s Northeast Division, emphasized that this partnership is part of the bank’s commitment to supporting SMEs across the country, particularly in the northeastern region, including Nuevo León.
“We are confident that this agreement can act as a catalyst for businesses to implement actions and strategies that unlock their potential, leading to greater job creation, sustained growth, and enhanced economic development for the region,” Ortega stated.
The financial institution will provide various financing schemes to SMEs seeking to grow and consolidate their projects. Additionally, it will offer guidance and support for digital account management, solutions such as point-of-sale terminals (POS), payroll enrollment, insurance, and assistance to facilitate the transition to sustainable business practices.
This agreement has the potential to benefit over 4,500 companies in various sectors, including manufacturing and industrial services.
Juan Pablo García Garza, General Director of CAINTRA, commented: “The alliance between CAINTRA Nuevo León and BBVA represents a significant step toward strengthening our member companies. With specific financial instruments and preferential conditions, we offer innovative solutions that drive their growth, enhance their competitiveness, and ensure their sustainability in a challenging economic environment.”
Jesús Francisco López, Director of Institutional Relations at CAINTRA, added that the agreement provides members with real and accessible options for growth, featuring financial solutions tailored to their needs. He reaffirmed CAINTRA’s commitment to supporting companies on their path to success.