 |
|
| Type | Wholly-owned subsidiary |
|---|---|
| Founded | 1932, as Banco de Comercio (Bancomer) 2000, as BBVA Bancomer |
| Headquarters |  Mexico City, Mexico |
| Key people | Manuel Espinosa Yglesias, Ignacio Deschamps, (CEO) |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Owner(s) | BBVA |
| Website | www.bancomer.com.mx |
BBVA Bancomer is the largest financial institution in Mexico, dominating about 20% of the market. Founded in 1932 as Banco de Comercio (Bancomer), since 2000[1] its main stockholder is the Spanish bank BBVA.[2]
History
Founded in 1932 in Mexico City as Banco de Comercio (English: Commerce Bank) (Bancomer). In 1982, Bancomer was nationalized when President José López Portillo nationalized the country’s banking system. In 1991, during the presidency of Carlos Salinas de Gortari, Bancomer was again privatized when a group of investors led by Eugenio Garza Lagüera bought the major stocks of the bank. In July 2000, Spanish Banco Bilbao Vizcaya Argentaria purchased Bancomer S.A. from BMO Financial Group, thus the BBVA in its name. This bank serves over 11 million customers, has 1,704 bank locations, and 4,286 ATMs. It represents 30% of the total revenues of BBVA worldwide, making it the biggest bank of the group outside Spain.
References
- ^ America's Insider. "BBCA buys 49% of Bancomer". Allbusiness.com. http://www.allbusiness.com/specialty-businesses/776909-1.html. Retrieved 5 August 2008.
- ^ "VISION:Clients: BBVA Bancomer". Vision. http://www.vision.ie/clients/bancomer.aspx. Retrieved 5 August 2008.
External links
- (Spanish) Official site
- (Spanish)/(English)/(Catalan) BBVA official site
(English) BBVA Bancomer US operations
|
||||||||||||||
 |
This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it. |
  |
This article about a Mexico corporation or company is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
