BBVA MEXICO (2024)

FAQs

Is BBVA México a good bank? ›

Strong Market Position: BBVA Mexico's business profile score of 'bbb' is underpinned by its leading position in almost all banking products. The bank ranks first in assets, loans and deposits, with a market share consistently above 20% and also well above its local peers.

BBVA México is the largest Mexican financial institution (2021), having about 20% of the market. Founded in 1932 as Banco de Comercio (Bancomer), and rebranded from 2000 to 2019 as BBVA Bancomer, its main stockholder is the Spanish bank BBVA.

BBVA Mexico has a broad customer base of close to 28 million of which 69% are users of digital channels, taking advantage of the wide shelf and digital innovation. BBVA Mexico reached a loan portfolio of more than 1.4 trillion pesos with a high dynamism both in the commercial portfolio and in credit to individuals.

BBVA Mexico is the leading financial institution in Mexico, with a market share of 23% in deposits, more than 27 million clients and a branch network of more than 1,727.

As of December 2022, BBVA led the ranking of largest banks in Mexico, with total assets amounting to more than 158 billion U.S. dollars. It was followed by Banorte, with total assets worth more than 106 billion U.S. dollars. Banco Santander ranked third, whose total assets increased notably in 2022.

BBVA USA was a bank headquartered in Birmingham, Alabama. It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services.

BBVA customers will find their branches being converted to PNC Bank. Pittsburgh-based PNC Bank closed its acquisition of BBVA's American banking business in June, and BBVA customers who haven't already seen changes to their deposit, credit or investment accounts should experience them by early October.

BBVA. With the BBVA app or website, you can open a Mexican bank account from the United States using your phone or tablet. Some of the advantages of a BBVA remote account are: Cash withdrawals using the app.

BBVA Group's regulatory capital tiers

a) Common Equity Tier 1 capital ratio of 4.5%, calculated as Common Equity Tier 1 capital expressed as a percentage on the total amount of risk-weighted assets.

What is BBVA ranked in the world? ›

However, BBVA México (Formerly BBVA Bancomer) uses different SWIFT/BIC codes for the different types of banking services it offers. If you're not sure which code you should use, check with your recipient or with the bank directly.

As of December 31, 2023, BBVA's assets amounted to around €775 billion, making it the second largest Spanish financial institution by volume of assets. At that same date, it had 5,949 offices, 121,488 employees and 71.5 million customers, and was present in more than 30 countries.

Completion of Largest Conversion in Bank's History

12, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.

BBVA Bancomer USA is a commercial bank serving small businesses and consumers through several offices located in the Inland Empire area of California. The Bank offers a range of deposit products and loans, as well as other services.

Citibanamex: Citibanamex, part of Citigroup, is a leading Mexican bank offering diverse services: accounts, loans, cards, insurance, and investments. With extensive branches and ATMs, it provides convenient, customer-focused solutions, making it a trusted choice for individuals and businesses in Mexico.

IPAB's Banking Insurance Deposits

Similar to the FDIC in the U.S., the Mexican Institute for the Protection of Banking Savings (Instituto para la Protección al Ahorro Bancario, or “IPAB”), insures deposits and investments of small and medium-sized investors in Mexican banks.