Grupo Financiero Banamex

Grupo Financiero Banamex,
S.A. de C.V
Banamex
Company typeSubsidiary
IndustryFinancial services
PredecessorGrupo Financiero Banamex Accival
Foundedestablished by Roberto Hernández Ramírez 2 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

Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Banamex (branded as Citibanamex 2016-2025). 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.