Today, January 13, 2022, the Economist published the following:
The sale of Banamex by U.S.-based Citigroup, announced on Tuesday, would change the map of the Mexican financial system if any of the institutions that make up the so-called group of the seven largest (G7) were to take over this franchise.
Although the process is said to take months to materialize, specialists have already considered some names, including financial groups such as Banorte, Santander, HSBC, Inbursa and Scotiabank.
According to the most recent information from the National Banking and Securities Commission (CNBV), as of September 2021, Grupo Financiero BBVA leads the market with 2.8 trillion pesos in assets, representing 24.5% of the total.
This is followed by Grupo Financiero Banorte with 1.8 trillion pesos and 15.8% of the total; Santander with 1.6 trillion and 14.6%; Banamex with 1.5 trillion and 13.5%; HSBC with 741,360 million and 6.5%; Scotiabank with 643,494 million and 5.6%, and Inbursa with 563,723 million pesos and 4.9% of the total.
