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Banco Nacional de México or Banamex is Mexico's largest bank, belonging to the group that bears its name, Grupo Financiero Banamex. The Banamex group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
History
Banamex was formed on June 2 1884 from the merger of two banks, Banco Nacional Mexicano Bank and Banco Mercantil Mexicano.
From 1997 to 1991 Roberto Hernández Ramírez was the CEO.
From 1991 to the Citigroup purchase in 2001, Banamex was known as The Grupo Financiero Banamex-Accival, citing Banamex's purchase by Exchange House Acciones y Valores de Mexico (Accival).
Subsidiaries
The following are subsidiaries of Grupo Financiero Banamex:
- Banamex
- Brokerage House Accival
- Seguros Banamex
- Afore Banamex
- Inteligia, joint venture with Accenture to provide software outsourcing
External link
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