BBVA Bancomer

BBVA Bancomer



Founded in 1932 in Mexico City as Banco de Comercio (English: Commerce Bank) (Bancomer). In 1982 Bancomer was nationalized when President José López Portillo nationalized the country's banking system. In 1991 during the presidency of Carlos Salinas de Gortari, Bancomer was again privatized when a group of investors led by Eugenio Garza Lagüera bought the major stocks of the bank. In July 2000 it affiliated to Spain's Banco Bilbao Vizcaya Argentaria, thus the BBVA in its name. This bank serves over 11 million customers, has 1,704 bank locations, and 4,286 ATMs. [Source: Wikipedia]

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