BBVA Will Increase 28% Mortage in Mexico to Development Homes

BBVA will increase 28% mortgage




17/01/2011 22:24



BBVA Bancomer, the Mexican unit of Banco Bilbao Vizcaya Argentaria in Spain, plans to increase 28% in mortgage lending.





This represents 44.000 additional mortgages to support the granting of credits Fovissste 9.500, 19% more than in 2010, according to numbers from the bank.



The expectation of BBVA, in financing construction of houses is an increase of 23% over last year, ie 114.000 housing.



To achieve the above, the institution should invest a total of 51.325 million pesos, exceeding by 20%.



The bank's commitment of economic prospects in Mexico are stable compared to 2009 when he showed the economic crisis, which allows the niche of middle and residential housing is becoming an important segment, representatives concluded signature. (Common Sense)

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