BBVA Bancomer

Infobox_Company
company_name = BBVA Bancomer S.A.
company_
company_type = Wholly-owned subsidiary
company_slogan = adelante.
foundation = 1932, as "Banco de Comercio (Bancomer)"
2000, as "BBVA Bancomer"
location = flagicon|Mexico Mexico City, Mexico
key_people = Ignacio Deschamps, (CEO)
num_employees =
industry = Finance and Insurance
products = Financial Services
owner = BBVA
subsid =
homepage = [http://www.bancomer.com.mx/ www.bancomer.com.mx]
revenue =
net_income =
foot_notes =

BBVA Bancomer is the largest financial institution in Mexico, dominating about 20% of the market.

History

Founded in 1932 in Mexico City as Banco de Comercio (English: "Commerce Bank") (Bancomer). In 1982 Bancomer was nationalized when President José López Portillo nationalized the country's banking system. In 1991 during the presidency of Carlos Salinas de Gortari, Bancomer was again privatized when a group of investors led by Eugenio Garza Lagüera bought the major stocks of the bank. In July 2000 it affiliated to Spain's Banco Bilbao Vizcaya Argentaria, thus the BBVA in its name. This bank serves over 11 million customers, has 1,704 bank locations, and 4,286 ATMs. It represents 30% of the total revenues of BBVA worldwide, making it the biggest bank of the group outside Spain.

External links

*http://www.bancomer.com.mx/ Official site (Spanish)
*http://www.bbva.es BBVA official site (Spanish)