Banks in Mexico

Banamex	Banorte	Bancomext	Bancomer	HSBC Mexico	IXE

Afirme Grupo Financiero is a Mexican holding company with branches and offices nationwide.

CitiBanamex (Banco Nacional de México) – The second largest bank in Mexico. It operates as a subsidiary of Citicorp México Holding LLC, which in turn is a subsidiary of Citigroup Inc. Banamex was named Best Consumer Digital Bank in Mexico by Global Finance.

Banca Afirme – A Mexican bank headquartered in Monterrey. It operates as a subsidiary of Afirme Grupo Financiero S.A. de C.V.

Banco Azteca – One of the largest banks in Mexico in terms of coverage. As of March 31, 2017, it had total assets of US$7.3 billion and deposits of over US$5 billion.

Banco del Bajío (BanBajío) – A medium-sized wholesale bank with branch network encompassing the central Mexican states: Guanajuato, Jalisco (Guadalajara), San Luis Potosi, Queretaro and Aguascalientes. It focuses on commercial banking services and agro-industry.

Banco de Mexico (Banxico) – The central bank of Mexico. Its main function is to provide currency to the domestic economy. Banxico was established on September 1, 1925.

Banco Interacciones – A banking subsidiary of Grupo Financiero Interacciones, S.A. de C.V. Banco Interacciones was named Best Government and Infrastructure Bank of the Year in Mexico (The European Magazines Business Awards).

Banco Santander (México) – One of the leading financial institutions in Mexico with over 13 million customers, 17,000 employees and over 1,300 branches and offices nationwide. It was named the Best Investment Bank and Most Socially Responsible Bank in Mexico by International Finance Magazine.

Bancomext (Banco Nacional de Comercio Exterior) is a Mexico's development bank. It is an instrument of the Mexican government to increase the competitiveness of Mexican companies.

Banco Monex – A subsidiary of Monex Grupo Financiero S.A. de C.V.

Banorte – One of the Mexico’s largest and oldest financial institutions. It is the nation’s third largest bank in terms of deposits and mortgages and the fourth largest in credit cards and auto loans.

Bank of America Mexico – A Mexican subsidiary of Bank of America Corporation. The company provides corporate banking services.

BanRegio – One of the Mexican leading financial groups with operations in northern and central regions. BanRegio Grupo Financiero is the holding company of Banco Regional de Monterrey.

Barclays Bank Mexico is a direct subsidiary of Grupo Financiero Barclays Mexico. The company provides investment banking services.

BBVA Bancomer – The largest banking institution in Mexico, dominating about 20% of the market. It was named as Best Bank and Best Investment Bank in Mexico by Euromoney magazine.

Compartamos Banco – The leading microfinance bank in Latin America with about 3 million customers, most of them women entrepreneurs. The Bank provides small loans to low-income individuals and business owners as well as insurance services. It was named Best Microfinance Bank in Mexico by Latin Finance Magazine.

Deutsche Bank Mexico provided commercial banking services in the country. In 2016, Deutsche Bank sold its Mexico units to InvestaBank S.A.

Grupo Elektra – Latin America’s leading financial services company and specialty retailer. It has over 6,000 points of sale in Mexico, the US, Guatemala, Honduras, El Salvador, Peru and Panama.

Grupo Financiero Inbursa – One of the largest financial institutions in Mexico. It represents the financial services operations of Mexican billionaire Carlos Slim Helu. As of April 2017, the company had a market value of approximately MXN 209 billion.

Grupo Financiero Interacciones – A holding company primarily active in the financial sector. Carlos Hank Rhon and family members own 74% of the company. As of May 17, 2018, the Group had a market capitalization of MXN 24 billion.

Grupo Financiero Multiva (GFMULTI) (formerly Multivalores Grupo Financiero) provides a wide range of financial services to retail and corporate customers.

Grupo Profuturo – A Mexican holding company specialized in retirement saving plans and pension insurance contracts. As of March 2017, it had total assets of MXN 44.5 billion.

HSBC Mexico – One of the five largest financial services companies in Mexico. It operates approximately 1,000 branches and 5,500 ATMs nationwide. It was named one of the safest banks in Latin America by Global Finance.

ING Bank Mexico was one of the largest banks in Mexico. It specialized in trading activities and corporate finance services.

Ixe Grupo Financiero was a publicly traded financial group in Mexico. It merged with Grupo Financiero Banorte in 2011.

Scotiabank Mexico (Grupo Financiero Scotiabank Inverlat) – One of the leading financial institutions in Mexico with approximately 1,500 ATMs across the country.

 The Largest Banks in Mexico

The exchange rate on June 30, 2016.