Top 5 Largest Banks in Mexico
Mexico has a robust banking system thanks to the many financial institutions there that serve the needs of both consumers and businesses. In this article, ... read more...we'll look at the background and services that the largest banks in Mexico offer.
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BBVA Bancomer is Mexico's largest bank, with an estimated 21% market share. Since its inception in 1932, the bank has grown to become one of the country's most prominent financial institutions. BBVA Bancomer offers a variety of financial services, including personal and business banking, investment banking, asset management, and insurance.
The bank has over 1,800 locations and over 8,500 ATMs throughout Mexico, giving it a substantial presence there. BBVA Bancomer has a substantial internet presence, with a variety of online and mobile banking solutions that make account administration simple for clients.
- Founded: 1932 as Banco de Comercio (Bancomer), 2000 as BBVA Bancomer
- Headquarters: Mexico City, Mexico
- Key people: Manuel Espinosa Yglesias, Carlos Torres Vila, (CEO)
- Parent: BBVA
- Products: Financial services
- Type: Partially owned subsidiary / private company
- Industry: Finance and Insurance
Website: https://www.bbva.mx/
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Santander Mexico is the second-largest bank in Mexico. They control about 16% of the market. The organization, a subsidiary of the significant Spanish financial corporation Banco Santander, was established in Mexico in 1997. Insurance, personal and corporate banking, and investment banking are some of the financial services offered by Santander Mexico.
The bank has a considerable presence in Mexico thanks to its more than 1,300 facilities and 6,200 ATMs that are dispersed throughout the country. Santander Mexico also has a sizable Internet presence with a range of mobile and online banking solutions. Customers may easily manage their accounts with the help of these tools.
Website: https://www.santander.com.mx/
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Citibanamex is Mexico's third-largest bank, with a market share of about 13%. Since its inception in 1884, the bank has grown to become one of the most prestigious financial institutions in the country. Citibanamex's financial services range from personal and business banking to investment banking and insurance.
The bank has a significant presence in Mexico, with over 1,500 branches and 7,000 ATMs. Citibanamex has a robust internet presence and a number of online and mobile banking services, making it easy for customers to manage their accounts.
- Founded: 2 June 1884 as Banco Nacional de México (Banamex)
- Headquarters: Mexico City, Mexico
- Key people: Manuel Medina-Mora Escalante (Chairman of the Board), Ernesto Torres Cantú (CEO)
- Number of employees: 41,390 (2012)
- Parent: Citigroup
- Trade name: Citibanamex
- Products: Banking, Financial
- Revenue: US$ 18.3 billion (2010)
Website: https://www.banamex.com/
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Banorte, short for Banco Mercantil del Norte, is one of the largest financial institutions in Mexico. It is a Mexican bank that provides a wide range of financial services, including banking, insurance, and investment products. As of my last knowledge update in September 2021, Banorte was one of the leading banks in Mexico in terms of assets and market presence.
Banorte offers services such as personal and business banking, loans, mortgages, credit cards, investment products, and insurance. It operates through a network of branches and ATMs across Mexico, making its services accessible to a large portion of the population.
- Founded: 1899
- Headquarters: Monterrey, Mexico
- Number of locations: 1,269 branches
- Key people: Carlos Hank González, José Marcos Ramírez Miguel
- Number of employees: 27,000
- Area served: Mexico
- Services: commercial banking, pensions, insurance, brokerage
Website: https://www.banorte.com/
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HSBC Mexico is the Mexican subsidiary of HSBC Holdings plc, a multinational banking and financial services organization headquartered in London, United Kingdom. HSBC Mexico is one of the largest foreign banks operating in Mexico and provides a variety of banking and financial services to individuals, businesses, and corporations in the country.
HSBC Mexico offers services such as personal and business banking, investment products, credit cards, loans, mortgages, and international trade services. HSBC Mexico has a significant presence with a network of branches and ATMs across the country, allowing it to serve a diverse customer base.
Website: https://www.hsbc.com.mx/