Banamex (Banco Nacional Mexicano)
Banco Nacional de México (Banamex) is a financial services subsidiary of Grupo Financiero Banamex S.A. de C.V. The company was established in 1884, following the merger of Banco Nacional Mexicano and Banco Mercantil Mexicano. Banamex provides personal banking, corporate and government financial services. Banamex acquired Aeromexico in 2007, when the airline group was privatised, and had earlier sold a portion of its stake as part of the group’s initial public offering in Apr-2011. The remaining 16% stake in Aeromexico was divested in 2015, with Fondos Banamex maintaining a 5.3% stake. Grupo Financiero Banamex is part of Citigroup.
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