Overview
- CEO Manuel Romo said the bank will return to corporate banking and compete in equity markets after a year operating separately from Citigroup.
- Management plans to accelerate credit growth and expand into small and medium enterprises, with a possible application for a casa de bolsa to support the strategy.
- Banamex will emphasize consumer banking through digital channels with new investments in technology and customer experience.
- Romo said Citi chose Chico Pardo’s proposal over Grupo México’s because it maximized value for Citigroup shareholders.
- An IPO is expected once the sale closes, and executives reported that regulatory and administrative approvals are progressing without a set timeline.