Citi
Menu

Mexico City

A partnership that spans more than 130 years

Mexico City has been an important part of our history, and we’re committed to helping its success in the future.

2017

1884

1929

Banco Nacional de Mexico (Banamex) was formed through the merger of two banks — the Banco Nacional Mexicano and the Banco Mercantil Mexicano.

1929
1884

1929

1951

Banamex launched the first savings account in Mexico.

1951
1929

1951

1968

Banamex established the Annual Economics Award which recognizes research related to the analysis and solution of economic problems in Mexico.

1968
1951

1968

1977

Banamex, in affiliation with Interbank, launched Bancomático, the first credit card in Mexico.

1977
1968

1977

5- 1982-1990

Banamex was constituted as a multiple banking institution through the union of Financiera Banamex, Financiadora de Ventas Banamex and Hipotecaria Banamex.

1982-1990
1977

1982-1990

1998

After the President of Mexico announced the nationalization of banks, Banamex served as the national credit society until its re-privatization in 1991.

1998
1982-1990

1998

2001

Banamex launched “Bancanet,” the first internet banking system in Mexico, positioning itself as the benchmark for digital products in the Mexican market.

2001
1998

2001

2006

Citigroup Inc. purchased Banamex for US$12.5 billion in the largest emerging market financial services transaction at the time.

2006
2001

2006

2012

Citi launched Global Community Day, an annual volunteer event spanning more than 90 countries. In Mexico City, more than 11,900 Citi colleagues, alumni, clients, family and friends have contributed 71,000+ hours of service since 2012.

2012
2006

2012

2014

Construction began of the new Queretaro data center, a key system for various Banamex transactions to connect with Citi’s platforms around the world.

2014
2012

2014

2015

Citi announced a four-year US$1.5 billion investment program in Mexico with direct investments in technology and infrastructure, including two new operating centers in Toluca and Mexico City.

2015
2014

2015

2016

Citi successfully closed on a US$3 billion 5-year Revolving Credit Facility to finance the construction of the New Mexico City International Airport (“NAICM”).

2016
2015

2016

2017

Banamex was renamed Citibanamex, reflecting how it offers the best of Mexico and the world. Citi announced a US$1 billion investment in Citibanamex focusing on digital banking, technology platforms, branches and ATMs.

2017
2016

2017

2017

Citi was awarded Euromoney’s inaugural award for “World’s Best Bank for Financial Inclusion,” which showcased our collaborative work in Mexico.

2017
2017

2017

2017

To help those affected by recent earthquakes, Citibanamex launched the 1x1 Program which contributes 1 peso for every peso donated to help rebuild damaged communities.

1884

Proud Member of the Mexico City Community

v

Our Reach Across Mexico City

20,000+

Citibanamex employees

5.6 million+

consumer and business accounts

3.7 million+

Transfer accounts opened, giving locals a simple way to access funds through their phone or debit card

Our Commitment to Mexico City’s Communities

MXN$230 million+

invested in the community and environment by Citibanamex Compromiso Social since 2007, benefiting more than 4.8 million people

24,000+

total volunteer hours by 5,900+ Citibanamex colleagues, alumni, family and friends in 2016

Our Commitment to Social Entrepreneurship

Formento Social Citibanamex’s Social Entrepreneurship Program promotes and supports projects, organizations and social enterprises that address social and environmental issues, ultimately improving the quality of life of Mexico’s population. At a national level, the program’s 20+ million-peso investment into innovation and entrepreneurship has supported 103 social enterprises which have collectively generated 11,000 permanent and nearly 12,000 temporary jobs. Twenty-three percent of the companies in the portfolio were founded or are led by women.

Within these 103 enterprises, there are a variety of socially-conscious initiatives that support issues like clean water, sanitation, affordable and non-polluting energy, as well as movements towards creating sustainable cities and responsible consumption. As a result, 1,820 Mexican families have access to affordable and non-polluting energy, more than 75,000 children have access to drinking water in rural and urban areas, and 124,000 people have received training in responsible consumption and recycling.

Supporting Inclusive Economic Growth in Mexico

Citibanamex, on behalf of Mexico’s Development Bank, successfully priced the country’s first Social Bond. Social Bonds are innovative financing mechanisms that enable investment in companies or projects focused on delivering specific social outcomes.

This new Social Bond will be used to finance a range of important projects in Mexico City and across Mexico, from job creation through small enterprise development to investment in energy efficiency that will reduce utility costs for low-income households. Other projects that will receive financing focus heavily on strategies to expand access to affordable financial products and services that support the new or existing businesses of young entrepreneurs.

This latest bond represents a major milestone for Mexico, which has made financial inclusion a key priority as part of its economic growth strategy.