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Monterrey , is the capital city of the northeastern state of Nuevo León in the country of Mexico. The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation. Monterrey serves as a commercial center in the north of the country and... is the base of many significant international corporations. It is Mexico's second richest city, and the world's 63rd richest, with an economy that had a 2008 GDP of USD $102 billion. Monterrey is one of Mexico's most developed cities, with the highest per capita income in the nation, and is regarded as a highly developed city. Although rich in history and culture, Monterrey is often regarded as the most "Americanized" city in the entire country, even above the cities along the U.S-Mexico border. Monterrey as an important industrial and business center hosts an array of Mexican companies, including Pemex, Lanix Electronics, CEMEX, Vitro, Zonda Telecom, Mercedes-Benz Mexico, OXXO, Mastretta, BMW de Mexico, Mabe Grupo Bimbo, DINA S.A.
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Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of Banco Nacional de México or Banamex, Mexico's second largest bank behind BBVA Bancomer. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary. Banco Nacional de Mexico : Seguros Banamex : Afore Banamex : Accival - Acciones y Valores de México : Grupo Financiero Banamex has... presence in the main towns and cities of all the states of Mexico. Banamex was formed on June 2, 1884 from the merger of two banks, Banco Nacional Mexicano and Banco Mercantil Mexicano, two banks that had operated since the beginning of 1882. The newly founded bank had branches in Mérida, Veracruz, Puebla, Guanajuato and San Luis Potosi, and opened a branch in Guadalajara. In 1916, General Pancho Villa’s revolution interrupted the bank’s role as banknote issuer for the Porfirio Diaz regime. The bank was reorganized in 1926, becoming a financing bank and establishing the first agency of a Latin American bank in New York.
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