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Citi Mexico Expands Banking Opportunities Post-Banamex Split
Citi Mexico gains new bank services after splitting from Banamex.
In brief
Citi Mexico gains new bank services after splitting from Banamex. Citi Mexico plans to expand banking services for other banks following its separation from Banamex in 2024. Originally reported by mint.
Citi Mexico CEO on Post-Split Opportunities
Citi Mexico CEO Luis Brossier says the split from Banamex allows greater focus on corporate banking and financial services.
“We already had the corporate clients because that business moved with us from Banamex”
Banamex Separation Timeline
Citi split Banamex from its institutional banking business in 2024 for an initial public offering expected in 2027.
New Banking Services for Banks
Citi now provides services to other banks like Banamex and BBVA, which it previously couldn't do while owning Banamex.
“Citi globally tends to be a bank for banks”
Banamex's First Bond Issuance
Citi led Banamex's additional tier-one bond issuance as it builds an independent balance sheet after separation.
The big picture
Citi Mexico plans to expand banking services for other banks following its separation from Banamex in 2024.
