MEXICO CITY, Feb 18 (Reuters) - Spanish bank Santander

will do various investments amounting to over $2

billion in Mexico during the next three years, the company's

Executive Chair Ana Botin said on Tuesday.

Botin made the announcement during an event in Mexico's

capital where the company presented it's 100% digital bank,

Openbank, that is already operating in Mexico.

Earlier on Tuesday, Mexican president Claudia Sheinbaum

announced the amount of the investment without giving further

details, after meeting with Botin on Monday.

"We are announcing an investment program over the next

three years of more than $2 billion, 42 billion pesos," Botin

said during the event, detailing that the amount will be

designated to Openbank, Santander Bank itself and other items.

"Mexico is the country where we see the greatest growth

potential," she said, adding that it is one of the countries

where the company is "going to continue investing the most from

now on".

Santander's announcement marks an increase in the group's

investments in the Latin American Country.

In 2023, Botin met with former Mexican President Andres

Manuel Lopez Obrador and posted the bank's commitment to invest

around 500 million dollars a year in the country until 2025.

Santander's Mexican subsidiary is one of the country's

largest banks.