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Grupo Financiero BBVA Bancomer, S.A. de C.V.

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Description

Mexican financial services group Grupo Financiero BBVA Bancomer (GFBB), a unit of Spanish bank BBVA, owns BBVA Bancomer, the country's largest bank in terms of deposits and loan portfolio. BBVA Bancomer offers personal and corporate financial products and services through 1,800 bank locations and 7,733 ATMs with a business model based on distribution networks segmented by groups of customers. GFBB offers retail, corporate, private, and mortgage banking as well as investment and government banking services. The group also owns other non-banking subsidiaries that engage in annuities management (Pensiones BBVA Bancomer), mortgage servicing (Hipotecaria Nacional), P&C and life insurance (Seguros Bancomer), as well as stock market intermediation, foreign remittances transfers, and asset management.

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