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.
References in periodicals archive ?
with this deployment, Banamex is thinking about making this technology available for 30 thousands retailers and customers during 2013.
Banamex spokesman Paulo Carreno said that Banamex was paying dividend for the second time since the acquisition, having reinvested 92 percent of its profits, or around MXN100bn, in Mexico.
Cabe recordar que ante esta posicion la bancada del partido Revolucionario Institucional en el Senado de la Republica anuncio que interpondria una controversia constitucional junto con algunos legisladores del partido de la Revolucion Democratica y Convergencia, por la intervencion de capital extranjero en Banamex.
Roberto Galvan, de la consultora Vanguardia, dijo que los 12 mil 500 millones de dolares que Citibank pagara por Banamex constituyen un "blindaje no esperado" que beneficiara a las cuentas externas del pais.
Under terms of the transaction, the merged bank will join the operations of the two banks in Mexico under the Banamex name.
Through Citi OpenInvestor, Afore Banamex has access to a global service provider to the funds industry with over $1.
This partnership allows both the merchants affiliated to Banamex to add a new brand as a sales opportunity, and JCBI to offer its over 89 million card members wider acceptance in Mexico.
La CNBV, el organismo regulador de las instituciones financieras, concluye ahi que Banamex sufrio un "quebranto patrimonial" por 455 millones de pesos que "se encuentra inmerso en el registro contable del dano patrimonial por 5 mil 234 millones de pesos, esto a sabiendas de que con dicha falsedad (de los directivos de Oceanografia) se generaria, como en efecto ocurrio, el quebranto patrimonial en cita para adecuarse a la hipotesis tipica prevista y sancionada en el articulo 112, fraccion I de la Ley de Instituciones de Credito".
Based on Reuters calculations, Banamex has sold the interest for over USD172m (EUR127.
In its most recent survey, Banamex said that the overnight rate was likely to be increased by 25 basis points in January, 2012, compared with earlier expectations of a first increase in September 2011.
Afirma Carstens solicito que el rescate a Citibank no hace a Banamex ilicito, pues tal lana no es de Hank.
The Banamex convention facility in Mexico City snatched away the top prize from last.