Grupo Financiero Banamex

Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.

Grupo Financiero Banamex,
S.A. de C.V
Citibanamex
Company typeSubsidiary
IndustryFinancial services
PredecessorGrupo Financiero Banamex Accival
Founded2 June 1884 (1884-06-02) as Banco Nacional de México (Banamex)
Headquarters,
Key people
Manuel Medina-Mora Escalante
(Chairman of the Board)
Ernesto Torres Cantú
(CEO)
ProductsBanking, financial
Revenue US$ 18.3 billion (2010)
US$ 1.7 billion (2010)
Total assets US$ 58.4 billion (2011)
Number of employees
41,390 (2012)
ParentCitigroup
Websitewww.banamex.com
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