BBVA Bancomer, S.A. is the largest financial institution in Mexico, dominating about 20% of the market. BBVA Bancomer is a subsidiary of Grupo Financiero BBVA Bancomer, S.A. de C.V. (GFBB), a unit of Spanish bank BBVA. The Bank provides a wide range of banking services to private and corporate clients in Mexico. It represents 30% of the total revenues of BBVA worldwide, making it the biggest bank of the group outside Spain.
The company founded in 1932 in Mexico City as Banco de Comercio (Bancomer). In 1982 Bancomer was nationalized. In 1991 during the presidency of Carlos Salinas de Gortari, Bancomer was again privatized when a group of investors bought the major stocks of the bank. In July 2000 it affiliated to Banco Bilbao Vizcaya Argentaria (Spain), thus the BBVA in its name.
HQ: Mexico City, Mexico
Founded: 1932
ID: 227. Updated: 28.11.2016
- Head office: Avenida Universidad No 1200 Col. Xoco
Mexico City, DF 03339 - Phone: +52-55-56213434, +52-55-56216161
- Fax: +52-55-56211477
- SWIFT: BCMRMXMM
- Key people: Ignacio Deschamps Gonzalez (Chairman), Eduardo Osuna (CEO)
- Company type: n/a
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