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Citibanamex | |
Company type | Subsidiary |
Industry | Financial services |
Predecessor | Grupo Financiero Banamex Accival |
Founded | 2 June 1884[1] as Banco Nacional de México (Banamex) |
Headquarters | , |
Key people | Manuel Medina-Mora Escalante (Chairman of the Board) Ernesto Torres Cantú (CEO)[2] |
Products | Banking, financial |
Revenue | US$ 18.3 billion (2010) |
US$ 1.7 billion (2010) | |
Total assets | US$ 58.4 billion (2011) |
Number of employees | 41,390 (2012)[1] |
Parent | Citigroup |
Website | www |
Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
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