The Bank of Mexico

By LeslieLL

  • Banking in Mexico

    Banking in Mexico begins with the establishment in Mexico City of the branch of the British bank The Bank of London, Mexico and South America.

  • oundation of the Mexican National Bank

    Foundation of the Mexican National Bank with capital from the Franco-Egyptian Bank based in Paris.

  • Banks

    There were already banks in Yucatán, Chihuahua, and Mexico City

  • The National Stock Exchange

    The National Stock Exchange is born, with headquarters at Calle de Plateros No.9, now Calle de Madero.

  • The Mexican Stock Exchange

    The Mexican Stock Exchange is born. Runners captained by Francisco A. Llerena and Luis G. Necochea founded the company with that name. The Mexico Stock Exchange is inaugurated.

  • The stock market

    The stock market had three public and eight private stations.

  • The Law of Credit Institutions

    The Law of Credit Institutions is promulgated with three banking models: issue banks with the power to issue banknotes, mortgage banks and refactional banks. Until before the Revolution there were 24 issue banks, two mortgage and five refactional banks.

  • Victoriano Huerta

    Victoriano Huerta imposes loans to the banks. In that period, the banks granted loans to his government for almost 64 million pesos.

  • Article 28

    Article 28 of the Constitution promulgates that in Mexico the power to issue banknotes is exclusive to a single Issuance Bank, which would remain under the control of the Government. Foundations for the Bank of Mexico.

  • Liquidation of the banks

    Venustiano Carranza orders the liquidation of the banks and begins to seize their metal reserves. Before ending the process, he is assassinated.

  • 1925: The Bank of Mexico is founded.

    The Bank of Mexico is founded.

  • Law

    A new banking law creates the figure of the national credit institution, which would be the development bank. Banobras and Nacional Financiera are some of the national credit institutions.

  • Bolsa de Valores de México

    The statutes of the Bolsa de Valores de México S.A. are approved.

  • 36 financial companies

    From 36 financial companies in 1941 to 84 in 1945, due to the ease of managing these institutions, raising funds and transferring them between banks.

  • The Universal Banking model began

    The Universal Banking model began, that is, a financial group. In other words, a deposit bank could group as subsidiaries a finance company, a mortgage company, a savings department and a trust department.

  • Financial groups

    The figure of financial groups is legally recognized in Mexico.

  • 15 financial groups

    The existence of 15 financial groups is recognized. Banco Nacional de México, Banco de Londres, Banco Comercial Mexicano, Banco del País, Banco de Industria y Comercio and Banco Internacional.

  • Banks enter

    when the bank enters a stage of opening and consolidation, which still lasts. The entry of foreign banks to Mexico without regulatory restrictions took place in August 2000 when the Spanish BBV (now BBVA) finally acquired Bancomer and the financial group BBVA Bancomer was born from the merger between Grupo Financiero BBV-Probursa and the Grupo Financiero Bancomer.

  • Citibank

    Citibank took control of Banamex in August as a result of the sale of Grupo Financiero Banamex-Accival to Grupo Financiero Citigroup.

  • PARTICIPATION

    In 2003, the PARTICIPATION of foreign banks in Mexico was 82.3 percent.

  • Economic

    For the decade in a row, banks face a scenario of economic and financial stability. In addition to the constant increase in credit to private banks; This has been characterized by having the best capitalization indices at an international level.

  • CNBV

    The CNBV revoked Banco Bicentenario's concession due to problems in its capitalization indexes, which represents an example of the strict control exercised by the commission over credit institutions.