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

Grupo Financiero Banamex-Accival, S.A. de C.V.
 PROFILE
It's Grupo Financiero Banamex-Accival, but you can call it Banacci. Banacci, as the bank is known, offers personal and corporate banking through such services as deposit accounts, mortgages, consumer loans, and credit cards. One of the largest banks in Mexico, Banacci operates about 1,200 branches. The firm also offers securities brokering (Accival), insurance (Seguros Banamex), and pension services (Afore Banamex). Banacci has launched AcciNet, an electronic investment banking system, AcciTrade, an online brokerage, and AcciGame, for virtual trading. It also owns California Commerce Bank in Southern California. In what will be the largest-ever US-Mexico corporate merger, Banacci is selling itself to Citigroup.

 COMPETITION
Grupo Financiero BBVA Bancomer, S.A. de C.V. (dossier)
Banco Bilbao Vizcaya Argentaria, S.A. (BBV)
Grupo Financiero Banorte, S.A. de C.V. (GFNORTE)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11,179.40
1-Yr. Sales Growth: 27.1%
Employees: 36,210
Revenue per employee: $308,737.92

 KEY PEOPLE
• Manuel Medina Mora
    CEO
• Jorge Hierro
    CFO

 CONTACT INFO
Paseo de la Reforma 420, Colonia Juárez
06600 Mexico, D.F., Mexico
Phone: 52-5-225-4095
Fax: 52-5-225-5837
Online: Web Site

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