Banamex Banorte Bancomext hq BBVA Bancomer HSBC Mexico IXE
Banamex Banorte Bancomext Bancomer HSBC Mexico IXE

Afirme Grupo Financiero is a Mexican holding company with branches and offices nationwide.

Banamex (Banco Nacional de México) – The second largest bank in Mexico. It operates as a subsidiary of Citicorp México Holding LLC, which in turn is a subsidiary of Citigroup Inc. Banamex was named Best Consumer Digital Bank in Mexico by Global Finance, 2015.

Banca Afirme – A Mexican bank headquartered in Monterrey. It operates as a subsidiary of Afirme Grupo Financiero S.A. de C.V.

Banco Azteca – One of the largest banks in Mexico in terms of coverage. As of June 30, 2016, it had total assets of US$6.8 billion and deposits of US$5 billion.

Banco del Bajío (BanBajío) – A medium-sized wholesale bank with branch network which encompasses the central Mexican states of Guanajuato, Jalisco (Guadalajara), San Luis Potosi, Queretaro and Aguascalientes. It focuses on commercial banking services and agro-industry.

Banco de Mexico (Banxico) – The central bank of Mexico. Its main function is to provide currency to the domestic economy. Banxico was established on September 1, 1925.

Banco Interacciones – A banking subsidiary of Grupo Financiero Interacciones, S.A. de C.V. As of January 17, 2017, the Group had a market capitalization of MXN 21 billion. Banco Interacciones was named Best Government and Infrastructure Bank of the Year in Mexico (The European Magazines Business Awards 2015).

Bancomext (Banco Nacional de Comercio Exterior) is a Mexico's development bank. It is an instrument of the Mexican government to increase the competitiveness of Mexican companies.

Banco Monex – A subsidiary of Monex Grupo Financiero S.A. de C.V.

Banorte – The last remaining large group in Mexico controlled by local shareholders. The rest of the large banks are controlled by international groups such as Citigroup, BBVA, Santander, HSBC and Scotiabank. Banorte's total assets amounted to MXN 1.24 trillion as of June 30, 2016.

Bank of America Mexico – A Mexican subsidiary of Bank of America Corporation. The company provides corporate banking services.

BanRegio – One of the Mexican leading financial groups with operations in northern and central regions. BanRegio Grupo Financiero is the holding company of Banco Regional de Monterrey.

Barclays Bank Mexico is a direct subsidiary of Grupo Financiero Barclays Mexico. The company provides investment banking services.

BBVA Bancomer – The largest financial institution in Mexico, dominating about 20% of the market. It is a subsidiary of a leading Spanish bank BBVA (Banco Bilbao Vizcaya Argentaria). In 2016, BBVA Bancomer was named the Best Bank in Mexico and the Best Investment Bank in Mexico by Euromoney magazine. BBVA also was named the Best Digital Bank in Latin America.

Compartamos Banco – The largest microfinance bank in Latin America with over 2.6 million customers, most of them women entrepreneurs. The Bank provides small loans to low-income individuals and business owners as well as insurance services. It was named Best Microfinance Bank in Mexico by Latin Finance Magazine.

Deutsche Bank Mexico provides commercial banking services. It was recognized as Best Investment Bank in Mexico by Euromoney.

Grupo Elektra – Latin America’s leading financial services company and specialty retailer. It has over 6,000 points of sale in Mexico, the US, Guatemala, Honduras, El Salvador, Peru and Panama.

Grupo Financiero Interacciones – A holding company primarily active in the financial sector. Carlos Hank Rhon and family members own 74% of the company.

Grupo Financiero Multiva (GFMULTI) (formerly Multivalores Grupo Financiero) provides a wide range of financial services to retail and corporate customers.

Grupo Profuturo – A Mexican holding company specialized in retirement saving plans and pension insurance contracts. As of June 30, 2016, it had total assets of MXN 41.5 billion.

HSBC Mexico – One of the five largest financial services companies in Mexico. It operates approximately 1,000 branches and 5,940 ATMs nationwide. In 2015, it was named the Safest Bank in Mexico by Global Finance.

Inbursa (Grupo Financiero Inbursa, S.A.B. de C.V.) – One of the largest financial institutions in Mexico. It represents the financial services operations of Mexican billionaire Carlos Slim Helu. As of June 30, 2016, the company had a market cap of approximately MXN 206 billion.

ING Bank Mexico was one of the largest banks in Mexico. It specialized in trading activities and corporate finance services.

Ixe Grupo Financiero was a publicly traded financial group in Mexico. It merged with Grupo Financiero Banorte in 2011.

Santander Mexico – One of the leading financial services holding companies in Mexico with over 12.3 million customers, 17,000 employees and 1,354 branches and offices nationwide. It was named the Best Investment Bank and Socially Responsible in Mexico by International Finance Magazine 2015.

Scotiabank Mexico (Grupo Financiero Scotiabank Inverlat) – One of the leading financial institutions in Mexico with approximately 1,500 ATMs across the country.

 The Largest Banks in Mexico

Rank Company Total assets, US$b, 30/06/2016 Full Name
1 BBVA Bancomer 99.081 Grupo Financiero BBVA Bancomer, S.A. de C.V.
2 Santander Mexico 68.290 Grupo Financiero Santander Mexico, S.A.B. de C.V.
3 Banamex 67.113 Grupo Financiero Banamex S.A. de C.V.
4 Banorte 66.958 Grupo Financiero Banorte, S.A.B. de C.V.
5 HSBC Mexico 34.179 Grupo Financiero HSBC, S.A. de C.V.
6 Inbursa 25.623 Grupo Financiero Inbursa, S.A.B. de C.V.
7 Scotiabank Mexico 19.198 Grupo Financiero Scotiabank Inverlat, S.A. de C.V.
8 Bancomext 17.297 Banco Nacional de Comercio Exterior, S.N.C.
9 Interacciones 11.454 Grupo Financiero Interacciones, S.A. de C.V.
10 Banco del Bajio 9.731 Banco del Bajío, S.A., Institución de Banca Múltiple
11 Afirme 8.106 Afirme Grupo Financiero, S.A. de C.V.
12 Banco Azteca 6.769 Banco Azteca, S.A. Institucion de Banca Multiple
13 Bank of America 6.522 Bank of America Mexico S.A., Institucion de Banca Multiple
14 J.P. Morgan 5.604 J.P. Morgan Financial Group S.A. de C.V.
15 BanRegio 5.349 Banregio Grupo Financiero, S.A.B. de C.V.
16 Multiva 4.775 Grupo Financiero Multiva, S.A.B. de C.V.
17 Invex 4.242 Banco Invex S.A., Institucion De Banca Multiple
18 Monex 3.967 Monex Grupo Financiero, S.A. de C.V.
19 Barclays Mexico 3.112 Grupo Financiero Barclays Mexico, S.A. de C.V.
20 Mifel 2.754 Grupo Financiero Mifel S.A. de C.V.
21 Ve por Mas 2.623 Grupo Financiero Ve por Mas S.A. de C.V.
22 Bancoppel 2.186 Bancoppel S.A. Institucion De Banca Multiple
23 Deutsche Bank Mexico 2.105 Deutsche Bank México S.A., Institución de Banca Múltiple
24 Credit Suisse Mexico 1.881 Grupo Financiero Credit Suisse (Mexico) S.A de C.V.
25 CIBanco 1.773 CIBanco S.A. Institución de Banca Múltiple

The exchange rate on June 30, 2016.