BBVA Bancomer is one of Mexico's leading players in the private banking market. It operates as a multiple service bank offering retail, corporate, commercial, private, and investment banking services, as well as personal and corporate financial products and services, both in Mexico and the US, where it has a local unit, BBVA Bancomer USA. The Mexican operation is carried out through a network of over 1,800 branches across the country. BBVA Bancomer has been controlled by Spain's BBVA since 2000, following the merger of its local subsidiary, Grupo BBV-Probursa, with Grupo Bancomer and Banca Promex, forming Mexico's largest financial group, Grupo Financiero BBVA Bancomer (GFBB). The bank operates as the main company of the financial holding, which includes Casa de Bolsa BBVA Bancomer, BBVA Bancomer Servicios Administrativos, BBVA Bancomer Operadora, Hipotecaria Nacional, BBVA Bancomer Gestión, Seguros BBVA Bancomer, BBVA Bancomer Seguros Salud and Pensiones BBVA Bancomer. BBVA Bancomer was founded in 1932 and is based in Mexico City.