Market
What will be Banamex's market share in Mexican retail banking by end of 2025?
3
Resolution / Starting Odds
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Financial reports from Banamex, Mexican banking industry reports
Story
Citigroup Completes Banamex Separation, Warns of Fraud, Plans IPO
Dec 2, 2024, 02:21 PM
Citigroup Inc. has successfully completed the separation of its Mexican retail banking operations from its institutional offerings, marking the end of a partnership that began in 2001 when Citi acquired Banamex. The separation, which took almost three years to finalize, results in two independent financial groups in Mexico: Grupo Financiero Citi México, focusing on corporate and institutional banking, and Grupo Financiero Banamex, which will continue to serve consumer banking. This move is part of Citigroup's strategic plan to simplify its business structure. The separation paves the way for an initial public offering (IPO) of Banamex, as Citigroup plans to sell its retail banking business in Mexico. Banamex has warned its clients to be vigilant against potential fraud attempts following the split.
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Similar markets
Decrease by 0% to 5% • 25%
Decrease by more than 5% • 25%
Increase by 0% to 5% • 25%
Increase by more than 5% • 25%
No • 50%
Yes • 50%
Top 3 in market share • 25%
Top 10 in market share • 25%
Top 5 in market share • 25%
Outside top 10 • 25%
Significantly strengthened • 25%
Weakened • 25%
Slightly strengthened • 25%
Remains unchanged • 25%
Individual Investors • 25%
International Institutional Investors • 25%
Mexican Institutional Investors • 25%
Citigroup retains majority • 25%
Other • 25%
Private equity firm • 25%
Another major bank • 25%
Mexican financial institution • 25%
$5 billion to $10 billion • 25%
$10 billion to $15 billion • 25%
Above $15 billion • 25%
Below $5 billion • 25%
21-30% • 25%
Over 30% • 25%
11-20% • 25%
0-10% • 25%
Over 30% • 25%
Under 10% • 25%
20% to 30% • 25%
10% to 20% • 25%
Bradesco • 25%
Caixa Econômica Federal • 25%
Itaú Unibanco • 25%
Banco do Brasil • 25%