Grupo Financiero Banamex, S.A. de C.V. · México, D.F. Mexico
Company Description
Phone: +52-55-1226-2626
View Grupo Financiero Banamex, S.A. de C.V. Locations On A US Map
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This link will open in a new window One of the largest financial services groups in Mexico (along with rival Bancomer ), Grupo Financiero Banamex offers personal and corporate banking through such services as deposit accounts, mortgages, consumer loans, mutual funds, and credit cards. Flagship subsidiary Banco Nacional de México (aka Banamex) operates more than 1,200 branches and some 4,500 ATMs. The company's Accival (or Acciones y Valores) subsidiary is among Mexico's top securities brokerage houses. Grupo Financiero Banamex also offers insurance (Seguros Banamex) and pension services (Afore Banamex). In one of the largest-ever US-Mexico corporate mergers, Citigroup bought Banamex in 2001. To read the full description, subscribe now.
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Key Grupo Financiero Banamex, S.A. de C.V. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $49,782.0 |
| Employees | 45,069 |
Grupo Financiero Banamex, S.A. de C.V. Executives
13 executives listed for Grupo Financiero Banamex, S.A. de C.V.'s México, D.F., location.
| Title | Name & Bio | Contact |
| CEO | Manuel Medina-Mora | Network |
| Corporate Director of Finance, Operations, and Technology | C.P. Eduardo Eguren | Network |
| Head of Corporate and Investment Banking | Julio de Quesada | Network |
Competition
Competitive Landscape for Grupo Financiero Banamex, S.A. de C.V.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Grupo Financiero Banamex, S.A. de C.V. Competitors
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