Financial Group Banamex

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. In December 2025, Citigroup completed the sale of roughly 25% of Banamex to a company owned by Fernando Chico Pardo and his family. Citigroup subsequently completed the sale of an additional 22.6% to several other investors in April 2026.