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 September 30, 2015, it had total assets of US$7.2 billion and deposits of US$5.4 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 June 30, 2016, the Group had a market capitalization of MXN 24 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 1.17 trillion as of September 30, 2015.
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 2015, BBVA was named the Best Bank in Latin America as well as Peru and Paraguay by Euromoney magazine.
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, S.A. 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 September 30, 2015, it had total assets of MXN 38.3 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, MXN b, 30/09/2015||Full Name|
|1||BBVA Bancomer||1,899||Grupo Financiero BBVA Bancomer, S.A. de C.V.|
|2||Banamex||1,225||Grupo Financiero Banamex S.A. de C.V.|
|3||Santander Mexico||1,183||Grupo Financiero Santander Mexico, S.A.B. de C.V.|
|4||Banorte||1,171||Grupo Financiero Banorte, S.A.B. de C.V.|
|5||HSBC Mexico||604.6||Grupo Financiero HSBC, S.A. de C.V.|
|6||Inbursa||431.7||Grupo Financiero Inbursa, S.A.B. de C.V.|
|7||Scotiabank Mexico||341.3||Grupo Financiero Scotiabank Inverlat, S.A. de C.V.|
|8||Bancomext||286.3||Banco Nacional de Comercio Exterior, S.N.C.|
|9||Interacciones||191.4||Grupo Financiero Interacciones, S.A. de C.V.|
|10||Banco del Bajio||149.5||Banco del Bajio, S.A.|
|11||Afirme||144.2||Afirme Grupo Financiero, S. A. de C. V.|
|12||Barclays Bank México||130.7||Grupo Financiero Barclays Mexico, S.A. de C.V.|
|13||Banco Azteca||121.6||Banco Azteca, S.A. Institucion de Banca Multiple|
|14||BanRegio||96.3||Banregio Grupo Financiero, S.A.B. de C.V.|
|15||Bank of America||87.7||Bank of America Mexico, S.A., Institucion de Banca Multiple|
|16||Multiva||72.4||Grupo Financiero Multiva, S.A.B. de C.V.|
|17||Monex||64.9||Monex Grupo Financiero, S.A. de C.V.|