“Banamex has made significant advances to reduce costs, solidify its income base and increase its underlying benefits potential,” said Moody’s local.
Although bank’s profitability remains modest compared to the rest of the country’s largest banks, recent measures of digitalization and operational improvement could strengthen it towards financial objectives in 2027
Local Moody’s.
CITI is expected to remain the majority shareholder, since it would maintain 75% of the ordinary shares in which the initial public offer plan (OPI) takes place.
“Fitch believes that Citi would continue to support the bank in case of requiring it, since it would continue to be its property largely,” said the qualifier.
Banamex is the fourth largest bank in the country by number of assets and businessman Fernando Chico Pardo has exterminated his intentions that, once the purchase is approved, he will seek to enter businesses in which he is not now. Although he did not give details of the specific plan, analysts consider that Chico Pardo has experience in the financial business and business capacity in various sectors.
One of the Bank’s great ‘Peros’ is the increase in the delinquency index that occurred when separating from Citi Mexico. Valmex stood out in an analysis that after the separation of Citi, Banamex yielded 26% of its portfolio (the healthiest).
Banamex has a delinquency index of 2.83% while the average of the seven systemic importance banks is 2.13%.
Scotiabank has the highest delinquency index with 4.05%.
On the other hand, it became the institution with the greatest proportion in its consumption portfolio of the G7 (49.8% of the total) where we have also observed a gradual deterioration highlighting personal credits
Valmex.
Banamex, is the fourth largest bank with 7.1% of the total assets of the bank as of June 2025; It has a distribution network of approximately 1,260 branches, 9,079 ATMs, 30,796 employees and 31.8 million collection accounts.
