Citigroup says the requirements that the future owner of Banamex must have

Citigroup says the requirements that the future owner of Banamex must have

“We will make sure that the new owner understands what all this great institution means, its legacy and commitment to the best causes in Mexico,” he said in a video.

Fraser stressed that the new buyer must also maintain a commitment to the communities and continue to care for their cultural heritage.

The bank’s sale process will be carried out transparently and in compliance with legal regulations.

“We can assure you that we will carry out the process with absolute transparency and professionalism, promptly reporting any relevant event in both the US and Mexico,” he said.

Citigroup insisted that Mexico is a priority market for the bank and proof of this is that they will maintain the wholesale banking business, that is, that of large companies.

“Confidence is as strong as ever and we anticipate that Mexico will be a major destination for global investments in the coming years,” said Fraser.

To avoid uncertainty among clients, the CEO of Citi that clients can rest assured that their savings, investments and loans will not be affected by this purchase process. “We will make sure that the attention of your executives is as good as ever”, he said.

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