Citibanamex confirmed that the first approaches are already taking place with those interested in the purchase of the Mexican subsidiary of the American bank Citigroup.

In videoconference on the occasion of the presentation of results for the first quarter of 2022, Manuel Romogeneral director of Citibanamex, reiterated that there has been great interest, now that the “data room” has been opened, both from nationals and foreigners, from banks and non-banks.

However, he specified that this stage is confidentialso it will not be possible to offer more details of the process.

Until now, Banorte is the one that has reported that it already had the first communications with Citi; while others such as Santander and Inbursa, continue to be analyzed.

There is great interest and to that extent we will continue working and focusing on what is ours, which is to continue adding value to the bank,” Romo said.

The director of the institution stressed that the sale of Banamex It represents a great opportunity that will reconfigure the Mexican financial system, and will allow the buyer to gain an important market share.

“At the end of this process we will have two leading banking institutions in Mexico. We are creating Citi with its leadership in corporate and investment banking and also National Bank of Mexico with very important leadership in consumer and business banking,” he explained.

“For the buyer it represents access to unbeatable advantages,” he added.

Manuel Romo highlighted that from Banamex, they will ensure that the bank remains in the best hands.



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