BBVA Bancomer

BBVA Bancomer Headquarters
BBVA Bancomer HQ  

BBVA Bancomer

BBVA Bancomer, S.A. is Mexico’s largest bank by assets, deposits and number of customers. It provides a complete range of banking, securities and financial services to more than 400,000 companies, government entities and over 20 million retail customers in all 32 states of Mexico. With 30,600 employees, it has approximately 1,830 branches and 11,500 ATMs nationwide. The company operates through the following business units: Retail banking, Middle-market and Government banking and Corporate and Investment Banking. BBVA Bancomer is the principal subsidiary of Grupo Financiero BBVA Bancomer S.A. de C.V. (GFBB), which is a subsidiary of Spanish BBVA Group (Banco Bilbao Vizcaya Argentaria). BBVA acquired most of Bancomer's public stocks from BMO Financial Group in 2000. In 2012, Afore Bancomer (private pension fund) was sold to Grupo Financiero Banorte for US$1.6 billion. The transaction had created the largest retirement pension fund in Mexico. BBVA Bancomer USA (est. in 1960) included Bancomer Transfer Services Inc (BTS), Bancomer Financial Services Inc (BFS) and Bancomer Foreign Exchange Inc (BFX). In 2009, BBVA Bancomer USA merged with Compass Bank (Birmingham, Alabama).

In the first quarter of 2017, BBVA Bancomer reported deposits of MXN 955.4 billion, total loans of MXN 1.027 trillion and total assets of MXN 1.877 trillion (US$105 billion). The company was established in 1932 and is headquartered in Mexico City.

Grupo Financiero BBVA Bancomer subsidiaries:
BBVA Bancomer, S.A. (Multi-purpose bank)
Hipotecaria Nacional (Mortgage lender)
Seguros BBVA Bancomer (Insurance company)
Pensiones BBVA Bancomer (Pension fund management company)
BBVA Bancomer Gestión (One of the leading asset managers)
Casa de Bolsa BBVA Bancomer (Brokerage firm)
BBVA Bancomer Operadora
BBVA Bancomer Administrative Services

Headquarters address:
Torre BBVA Bancomer
Paseo de la Reforma, Colonia Juárez
06600 Mexico City
Federal District, Mexico
Phone: (55) 5624 1199