August 30, 2014 6:05 PM ET

Banks

Company Overview of Grupo Financiero Banamex, S.A. de C.V.

Company Overview

Grupo Financiero Banamex, S.A. de C.V., through its subsidiaries, provides complementary or auxiliary services to various financial entities in Mexico and internationally. The company offers various banking products, including savings accounts, checking accounts, master accounts, payroll accounts, debit and credit cards, and travelers’ checks; mortgage, personal, automobile, unsecured, working capital, real estate, company development, agricultural, and bridge loans; letters of credit and overdrafts; and various financing and lease products. It also provides life, damage, accident and disease, and investment insurance products, as well as wealth management, private banking, financing, invest...

Isabel la Católica número 44

Colonia Centro

Delegación Cuauhtémoc

Mexico City, DF 06000

Mexico

Key Executives for Grupo Financiero Banamex, S.A. de C.V.

Chief Financial Officer
Chief Executive Officer of California Commerce Bank
Age: 63
Chief Executive Officer of Seguros Banamex-aegon
Chief Executive Officer of Afore Banamex - Aegon
Compensation as of Fiscal Year 2014.

Grupo Financiero Banamex, S.A. de C.V. Key Developments

Grupo Financiero Banamex Reports Earnings Results for the First Quarter Ended March 2014

Grupo Financiero Banamex reported earnings results for the first quarter ended March 2014. The company reported net profits for MXN 2.286 billion, 59.9% and 32.2% lower than in the first quarter of 2013 and fourth quarter of 2013, respectively.

Grupo Financiero Banamex Provides Earnings Guidance for the First Quarter of 2014

Grupo Financiero Banamex provided earnings guidance for the first quarter of 2014. For the quarter, the company expects net profit could be reduced by USD 112 million due to provisions for bad loans. The firm also said that the losses would extend to Oceanografia SA de CV, the company that Citigroup accused of fraud in February.

Grupo Financiero Banamex Reports Earnings Results for the First Quarter Ended March 2013

Grupo Financiero Banamex reported earnings results for the first quarter ended March 2013. For the quarter, the company reported net profits of MXN 4.65 billion, which is 22.6% up on the same period in 2012, mostly because financial revenues increased year-on-year by 1.5%, reaching MXN 14.96 billion, linked to higher volume business. Revenues from intermediation soared year-on-year by 256.1% in January-March 2013, reaching MXN 2.24 billion.

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