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Grupo Financiero Inbursa, S.A.B. de C.V.

Company Detail

Description

Mexico's Grupo Financiero Inbursa, S.A. de C.V., the financial group controlled by local billionaire Carlos Slim, provides banking and related services through its subsidiaries, including commercial bank Banco Inbursa, mutual funds company Operadora Inbursa, brokerage house Inversora Bursátil, insurer Seguros Inbursa, annuity company Pensiones Inbursa, pension manager Afore Inbursa, surety bond company Fianzas Guardiana-Inbursa and leasing company Arrendadora Financiera Inbursa. Banco Inbursa, Mexico's sixth largest bank by credit portfolio, is engaged in providing banking and credit services and acting as a trust company. The bank's retail and commercial banking services and products include deposit accounts, mortgage and auto loans, credit and debit cards, leases, currency exchange, and investment and fiduciary products. Apart from the bank, the Mexican group also runs Seguros Inbursa, an insurer which sells fire, automobile, maritime transportation, civil and professional liability, crop, individual, group and collective life, accident and health insurance, and provides reinsurance services; and Pensiones Inbursa, which engages in life insurance activities involving the handling of pension insurance derived from social security legislation, and offers coinsurance and reinsurance options.

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