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BANAMEX

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BANAMEX
The second-largest bank in Mexico. It was the result of a merger in 1884 and, in 1926 became the first Latin American bank to establish a presence in New York. It has been a subsidiary of Citigroup since 2001. It should not be confused with the Bank of Mexico, which is the central bank.


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The SCT's decision to suspend LAA was announced less than a week before the government's controversial move to accept a bid by a conglomerate led by Grupo Financiero Banamex to acquire Aeromexico, a majority of which has been in government hands.
Sep 17, 2007 AeroMexico, Banamex, Citigroup Banamex, Citigroup's Mexican banking unit, said yesterday it will lead a group of investors prepared to launch a bid valued at more than $150 million to purchase AeroMexico from government holding company Consorcio Aeromexico.
Banamex said further that for April 2007 all automotive industry variables including domestic sales, production and exports, "will grow and that the trend prevailing for the rest of the year will be generally positive.
 
 
 
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