| Business Summary | | Grupo
Financiero
BBVA
Bancomer,
S.A.
de
C.V.
(GFBB)
is
one
of
Mexico's
leading
financial
groups.
In
terms
of
deposits
and
number
of
clients
it
is
the
largest
private
financial
institution
in
Latin
America.
GFBB's
principal
subsidiary
is
Bancomer,
one
of
Mexico's
leading
commercial
banks.
Bancomer
operates
as
a
universal
bank
and
offers
products
and
services
to
individuals
and
corporations
through
specialized
units
in
conjunction
with
other
GFBB
subsidiaries.
Through
a
network
of
2,413
branches
and
4,172
automated
teller
machines
in
Mexico,
as
of
June
30,
2000,
Bancomer
engages
in
a
wide
variety
of
commercial
and
retail
banking
activities.
The
bank
has
overseas
branches
in
London
and
Grand
Cayman,
agencies
in
New
York
and
Los
Angeles,
and
a
representative
office
in
São
Paulo,
Brazil.
Additionally,
Bancomer
has
a
subsidiary
bank
in
the
Cayman
Islands,
Mercury
Bank
&
Trust
Limited,
and
has
commercial
relationships
with
more
than
1,000
correspondent
banks
throughout
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Grupo
Financiero
BBVA
Bancomer
offers
commercial
and
corporate
mortgage,
consumer
and
private
banking,
as
well
as
insurance,
asset
and
pension
fund
management,
brokerage
and
foreign
exchange.
For
the
fiscal
year
ended
12/99,
total
interest
income
fell
4%
to
PS58.47
billion.
Net
interest
income
after
loan
loss
prov.
fell
2%
to
PS11.69
billion.
Net
income
from
continuing
operations
rose
from
PS1.28
billion
to
PS3.43
billion.
Results
reflect
decreased
earning
assets.
Earnings
reflect
a
PS1.46
billion
trading
income. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Ricardo Guajardo | Chairman | Juan Carlos Braniff | Vice
Chairman | Jose Domingo De Ampuero | Vice
Chairman | Jose Madariaga | First
Vice Chairman |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|