Introduction to XXI Banorte and its Relevance
XXI Banorte is a prominent Mexican financial institution specializing in retirement savings, known as Afores (Administraciones de Fondos para el Retiro). As one of the largest Afore providers in Mexico, XXI Banorte plays a crucial role in shaping the financial literacy and retirement planning of millions of Mexican citizens. Their commitment to financial education is vital, as it empowers individuals to make informed decisions about their retirement savings and overall financial well-being.
Consar’s Recognition of XXI Banorte
The National Commission for the Savings System for Retirement (Consar) recently acknowledged XXI Banorte with a perfect score of 100% in the 2024 Census of Financial and Pension Education (CEFP). This high rating positions XXI Banorte as a national reference in financial education and reinforces their dedication to educating clients by providing clear, useful, and accessible content.
XXI Banorte’s Contribution to Financial Literacy in Mexico
According to the 2024 National Inclusion Financial Survey, 52% of Mexicans now have formal or informal savings, indicating significant progress in the previsional culture. Despite this advancement, XXI Banorte recognizes the need for continuous efforts to enhance financial literacy nationwide. The Afore continues to develop actions promoting economic inclusion at a national level.
Leadership’s Perspective
David Razú Aznar, General Director of XXI Banorte, emphasized the importance of financial education as a cornerstone for building an inclusive future. He stated, “Achieving 100% once again in this Census reflects the constant effort of our entire team to drive a strategy centered around education, fostering a culture of saving and strengthening the economic well-being of all our clients.”
XXI Banorte’s 2024 CEFP Efforts
For the 2024 CEFP, XXI Banorte produced over 389 financial education contents and actions. These initiatives aimed to share relevant information with the population on responsible money management, strengthening previsional culture, and understanding the Savings System for Retirement (SAR). The materials aligned with Consar’s three strategic axes and were disseminated through postcards, videos, blogs, and social media posts.
- Topics covered included basic personal finance management, the importance of having an Afore, and benefits of voluntary savings.
XXI Banorte’s Ongoing Commitment to Financial Education
XXI Banorte consistently shares financial education information through various communication channels, including their institutional blog, website, social media platforms, and printed materials. Their goal is to ensure that more people have access to information that can improve their financial well-being.
Conclusion
By prioritizing financial education, XXI Banorte empowers its clients and actively contributes to a more informed citizenry. This, in turn, enables individuals to make better decisions regarding their retirement and overall financial future.
