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Grupo Financiero Banamex S.A. de C.V. is the holding company of Banco Nacional de México, commonly known as Banamex. It has long been one of Mexico's largest banks. In August 2001, Citigroup acquired Grupo Financiero Banamex-Accival for approximately USD 12.5 billion. Following the acquisition, the bank operated as a Citigroup subsidiary and was rebranded as Citibanamex until 2025. The Banamex operation covers Finance. Its headquarters and primary operations are based in Mexico City. Mexico's oldest and most historically significant bank. Being spun off by Citi as Banamex — the iconic brand representing over a century of Mexican financial history. Profile compiled from public sources including Wikipedia's article on Grupo Financiero Banamex (accessed July 2026).
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