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Home > Company Index > Banking > Banking - Latin America, Middle East & Africa > Grupo Financiero BBVA Bancomer, S.A. de C.V.

Grupo Financiero BBVA Bancomer, S.A. de C.V.
 PROFILE
Grupo Financiero BBVA Bancomer is no newcomer to Mexico's banking scene. The bank, one of the country's largest (along with Grupo Financiero Serfin and Grupo Financiero Banamex Accival), was formed by the 2000 merger of the nearly 70-year-old Grupo Financiero Bancomer with BBVA-Probursa (a subsidiary of Spain's Banco Bilbao Vizcaya Argentaria, or BBVA) and regional player Banca Promex. Bancomer offers retail and commercial banking and other financial services through some 2,400 branches across Mexico; it has plans to open US branches on the Texas border. The bank is also planning a foray into wireless banking (in English and Spanish). BBVA owns about 30% of Bancomer and plans to raise that stake.

 COMPETITION
Banco Santander Central Hispano S.A. (STD)
Grupo Financiero Banamex-Accival, S.A. de C.V. (BANACCI)
Grupo Financiero Serfin, S.A. de C.V. (GFLIY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 5,964.10
1-Yr. Sales Growth: 0.5%
Employees: 25,000
Revenue per employee: $238,564.00

 KEY PEOPLE
• Bitalino Nafria
    CEO
• Jaume Adam
    CFO

 CONTACT INFO
Montes Urales 424
11000 Mexico, D.F., Mexico
Phone: 52-52-01-2000
Fax: 52-52-01-2313
Online: Web Site

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