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Encyclopedia > Grupo Financiero Banamex

Banco Nacional de México or Banamex is Mexico's largest bank, belonging to the group that bears its name, Grupo Financiero Banamex. The Banamex group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary. Citigroup Inc. ... 2001: A Space Odyssey 2001 2001 is a common year starting on Monday of the Gregorian calendar. ... The United States dollar is the official currency of the United States. ...


History

Banamex was formed on June 2, 1884 from the merger of two banks, Banco Nacional Mexicano Bank and Banco Mercantil Mexicano Bank. 2 June is the 153rd day of the year in the Gregorian calendar (154th in leap years), with 212 days remaining. ... 1884 is a leap year starting on Tuesday (click on link to calendar). ...


From 1991 to the Citigroup purchase in 2001, Banamex was known as The Grupo Financiero Banamex-Accival, citing Banamex's purchase by Exchange House Acciones y Valores de Mexico (Accival). 1991 is a common year starting on Tuesday of the Gregorian calendar. ...


Subsidiaries

The following are subsidiaries of Grupo Financiero Banamex:

Accenture (NYSE: ACN) is a global management consulting, technology services and outsourcing company. ... Computer software (or simply software) refers to one or more computer programs and data held in the storage of a computer for some purpose. ... Outsourcing (or contracting out) is often defined as the delegation of non-core operations or jobs from internal production to an external entity (such as a subcontractor) that specializes in that operation. ...

External link

  • Web site
  • English web site

  Results from FactBites:
 
Citigroup - History (352 words)
Banco Nacional de Mexico (Banamex), with assets of 20 million pesos, was created on June 2, 1884, with the merger of Banco Nacional Mexicano and Banco Mercantil Mexicano, two banks that had operated independently since the beginning of 1882.
On June 2, Banco Nacional de Mexico (Banamex) is formed with the merger of Banco Nacional Mexicano and Banco Mercantil Mexicano.
Banamex is reprivatized and establishes Grupo Financiero Banamex–Accival with the investment bank Acciones y Valores de México (Accival).
Grupo Financiero Banamex at AllExperts (730 words)
Grupo Financiero Banamex has its origins and is the owner of Banco Nacional de México or Banamex, Mexico's largest bank.
Banamex was formed on June 2 1884 from the merger of two banks, Banco Nacional Mexicano Bank and Banco Mercantil Mexicano, two banks that had operated since the beginning of 1882.
Banamex gradually introduced several financial product innovations to the Mexican market including savings accounts (in 1929), personal credit lines (in 1958), credit cards (in 1968), and ATM banking (in 1972).
  More results at FactBites »

 
 

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