Meet Banamex

Meet Banamex

Grupo Financiero Banamex

Grupo Financiero Banamex was created in August 2001 as a result of the sale of Grupo Financiero Banamex-Accival to Grupo Financiero Citigroup.

The incorporation to Citigroup allow us to offer an extensive range of financial services in Mexico and the world, through our subsidiaries companies:

  • Banamex
  • Accival
  • Banamex Insurance
  • Afore Banamex
  • Cultural Foundation
  • Social Foundation
  • Ecological Foundation
  • Financial Education & Sustentability

Nowadays, we are part of the leading financial services company in the world, with 200 million cardholders in over 100 countries.

Executive Director of Economic Studies and Communication:


On June 2, 1884, the merger of Banco Nacional Mexicano and Banco Mercantil Mexicano gave life to the Banco Nacional de Mexico (Banamex).

In August 2002, after covering the requirements of U.S. and Mexican authorities, Banamex joined to Citigroup, the leading financial institution in the world with presence in more than 100 countries. From November of the same year, branches, products and services of Citibank and Banca Confia (originally part of Citibank Mexico) join to the technological platform and Banamex service.

While 125 years of effort have not been easy, our trajectory has been full of perseverance, dedication and pride. We have the experience and knowledge of each of our products, which have adapted to changing times and needs of our clients. Therefore, we know that our story will continue writing for years.

Principal developments

  • We were the first to implement the Account Savings Service in the country. That same year, the representative agency in New York were opened.

  • We developed the Pesonal Loans Service.

  • In technology, we started the first computer in our Operations Processing Centre.

  • We introduced to the national market the first credit card.

  • Came into operation the first permanent ATMs with 24 hour service.

  • The link to the Morelos Mexican satellite system allows us to join our six regional computing centers with the Corporate Centre, enabling transactions simultaneously. We were also the pioneers in launching concept of Cuenta Maestra Banamex. Advances continue, nowadays we have several products on the market, such as Fondo Integral Banamex and Sociedad de Inversion de Renta Fija.

  • We established the Internal Telephone Network in the country to comunícate quickly and direct to all our offices.

  • We plan and deploy the Local Network Strategy to automatize all our offices.

  • Starting the using traveler checks Banamex-Visa and Bank Loan Services Inhouse, Electronic fund transfers and Digital Banking, as well as the first dual cards with international branding Visa and MasterCard.

  • Banamex Cultural Encourangement was created.

  • Banamex Social Encourangement was created.