BBVA Mexico

It is an institution that works in the Mexican multiple banking sector that is part of BBVA. It was previously called BBVA Bancomer. It currently has approximately 1,800 branches.

History

It was created in Mexico City in 1932 under the name of Banco de Comercio (it was also known as Bancomer). The initiative to develop this institution was carried out by the Grupo BUDA. In 1982, the national government nationalized the institution, as did the rest of the Mexican banks. In 1991, it was acquired by the Grupo Vamsa. The Grupo Financiero BBVA was created in 2000 thanks to the merger with Grupo Financiero BBV-Probursa. During the following years, the bank had a significant growth due to the acquisition of Banca Promex and NH. In 2019, it unified the brand globally and now has the name of BBVA.

Routing Number

The route number consists of 9 digits that represent the efficiency and guarantee in a bank transfer: 113024672.

Number of Employees

The bank has approximately 37,000 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

BBVA Mexico has a rating of:

  • Moody’s = A3.
  • S&P = BBB+.
  • Fitch = BBB+.

A3 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.

BBB+ (S&P Global) = It is a medium level, but they are in a good situation.

BBB+ (Fitch) = It has high solvency, but sensitive to adverse changes.

Headquarters

The headquarters of the entity is in Mexico City, Mexico.

Website

If you want to know more about this bank, enter through its website: http://www.bbva.mx/.

Services

  • People: It offers services and products that include credit cards, credits (mortgages, auto, etc.), personal loans, savings, investments, payroll, pensions, real estate, insurance, and private and equity banking services.
  • Business and Government: It provides account management, financing, collections, payments, international trade, investments, coverage, insurance, and more to companies.

Contact

  • Address: Torre Ejecutiva BBVA, Av. Paseo de la Reforma 510, Colonia Juárez, Cuauhtémoc, Ciudad de México
  • Phone Number: 5624 1199 (Mexico City), 55 5624 1199 (interior of the Republic)