MEXICO CITY (Reuters) -Spanish bank BBVA plans to invest more than 100 billion pesos ($5.19 billion) in Mexico through 2030, it said in a statement on Tuesday.

The investment is part of BBVA's long-term bet on the Latin American nation, the firm added.

"The 100 billion pesos that we are announcing is not only an investment," BBVA chair Carlos Torres Vila said in the announcement. "It's a commitment to the more than 30 million customers we serve in the country."

BBVA added that it was looking to further strengthen its corporate banking presence in the nation and boost customer service.

($1 = 19.2575 Mexican pesos)