Banks in Mexico


Banamex	Banorte	Bancomext	Bancomer	HSBC Mexico	IXE

Banco Azteca – One the largest banks in Mexico in terms of coverage.
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.
Bancomext (Banco de Comercio Exterior) – A Mexican state-owned bank. It is an instrument of the Mexican government used to increase the competitiveness of Mexican companies.
Banamex (Banco Nacional de México) – Mexico's second largest bank behind BBVA Bancomer. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion. It continues to operate as a Citigroup subsidiary.
BanRegio (Banco Regional de Monterrey) – The third largest bank in Monterrey and the 12th biggest Mexican bank by loans. BanRegio Grupo Financiero is the holding company of Banco Regional de Monterrey.
BBVA Bancomer – The largest financial institution in Mexico, dominating about 20% of the market.
Grupo Elektra – Latin America’s leading financial services company and specialty retailer. The company expands mass market consumption through accessible credit in its more than 2,000 points of sale in eight countries. Grupo Elektra has two main businesses: the financial business and the commercial business.
Grupo Financiero Banorte – Banorte is the last remaining large group in Mexico controlled by local share-holders. The rest of the large banks are controlled by international groups such as Citigroup, BBVA, Santander, HSBC and Scotiabank.
Grupo Financiero Inbursa represents the financial services operations of Mexican billionaire Carlos Slim Helu. It has 96 domestic offices and two call centres. Banco Inbursa is the main subsidiary of Grupo Financiero Inbursa and one of the most capitalized banks in Mexico.
Grupo Financiero Interacciones – A holding company primarily active in the financial sector. The family of company president Carlos Hank Rhon is a main shareholder of Grupo Financieros Interacciones.
Grupo Financiero Multiva (GFMULTI) (former name Multivalores Grupo Financiero SA) is an asset management company that, through its subsidiaries, is principally active in the financial sector.
Grupo Profuturo SAB de CV (Grupo Profuturo) – A Mexico-based holding company principally engaged in the financial sector.
HSBC Mexico – One of Mexico’s largest banking and financial services companies. The bank has more than 1,400 branches throughout Mexico and serves over 8 million clients.
Ixe Grupo Financiero – A publicly traded financial group based in Mexico. It focuses on offering top quality products and services to individual and corporate clients.
Santander Mexico – One of the largest banks in Mexico.

Top Banks in Mexico

	Bank	Total assets US$b (June 09)
1	BBVA Bancomer	85.044
2	Banamex	74.942
3	Santander	48.661
4	Banorte	44.5
5	Mercantil del Norte	42.649
6	HSBC Mexico	30.483
7	Inbursa	15.230
8	Scotiabank Inverlat	11.452
9	ING Bank	7.477
10	Banco del Bajio	5.721
11	Ixe	4.953
12	Banco Azteca	4.608
13	Afirme	4.178
14	Interacciones	4.045
15	BanRegio	2.474
16	Mifel	1.913
17	J. P. Morgan	1.809
18	Invex	1.732
19	Credit Suisse	1.570
20	American Express	1.252
21	Deutsche bank	1.184
22	Bank of America	1.181
23	Bansi	1.150
24	Barclays	1.075
25	Multiva	0.999
26	Ve por Mas	0.838

(source: Américaeconomía Intelligence)