Results tagged as "banamex"

  • Supporting Inclusive Economic Growth in Mexico

    By Jorge Rubio Nava, Citi Inclusive Finance and Humberto Cabral, Citibanamex Capital Markets August 01, 2017 01:00 PM

    Last week, Citibanamex successfully priced the country’s first Social Bond on behalf of Mexico’s Development Bank (NAFIN). This was a 5-year MXN$4,000 million (US$229 million equivalent) bond issued in pesos into the Mexican debt market, which received over MXN$13,000 million in investor demand. Social Bonds, or “Social Impact Bonds” as they are sometimes known, are innovative financing mechanisms that enable investors to invest in companies or projects focused on delivering specific social outcomes.

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  • Citi Banamex Financial Education: Ten Years and Ten Million Beneficiaries

    By Elena García Cano, Communications and Outreach Coordinator, Citi Banamex Financial Education August 21, 2015 01:00 PM

    Since 2005, more than ten million Mexicans have benefited from Banamex’s Financial Education program “Saber Cuenta” (Knowing Counts). The first comprehensive bank initiative for economic and financial education in Mexico, Banamex formed the program in response to an urgent need in a population that was underserved. Saber Cuenta’s mission is to assist the public, particularly the lower-income population, in developing skills and mindsets that will empower them to make smart personal financial decisions.

    I am proud to be part of the Saber Cuenta program, which helps those in need in three ways: improving personal and/or family finance, teaching entrepreneurship finance (for micro, small and medium enterprises) and providing institutional financial support for non-governmental organizations.

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  • Celebrating Banamex 130 and Reaffirming Citi's Commitment to Mexico

    By Paulo Carreno, Public Affairs Officer, Mexico September 23, 2014 03:50 PM

    This month, Citi CEO Mike Corbat and Manuel Medina-Mora, Co-President of Citi, CEO, Global Consumer Banking and Chairman, Mexico, visited Mexico to meet with President Enrique Peña Nieto, along with Javier Arrigunaga, CEO of Banamex, and announce ambitious investment and credit expansion programs in Mexico for the coming four years.

    As part of this investment package, Citi is designating approximately U.S. $1.5 billion for direct investments in technology and infrastructure. Some $10 billion will fund multiple projects in the energy sector, and $4 billion will be assigned to small and medium enterprises (SMEs) in Mexico.

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  • Banamex Celebrates 130 Years

    By Andrea Acevedo, Cultural Foundation, Banamex July 03, 2014 12:19 PM


    Banamex, through Fomento Cultural Banamex, the Bank's Cultural Foundation, organized the second edition of the photography contest "El Mexico de los Mexicanos II" as part of Banamex' 130th anniversary celebrations. The contest aimed to promote Mexican culture and sought to create a better understanding of Mexico's national identity and culture through photographs. The contest was open to the public, both national and international. Contest participants were asked to portray the enormous diversity, complexity and vitality of the people, customs, culture and values of 21st century Mexico in their photographs.

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  • Empowering Women Through Financial Education: Loreto's Story

    By Loreto Garcia Muriel, Executive Director of Cultural Organization, Banamex April 17, 2014 10:14 AM

    For 10 years, I have had the privilege of leading the Banamex Financial Education program, called Saber Cuenta, which has allowed 7 million people of all ages and socioeconomic conditions to attend any of our 80 different programs and access any of the 200 training materials.

    One training program that has been particularly impactful is the workshop Saber Decidir Cuenta Para el Bienestar de mi Familia, which is dedicated to helping women from low-income communities care for their families in a financially responsible way. The beneficiaries of this program show courage and determination, despite having few skills, and have achieved the following amazing results:

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  • A Banamex Tradition: Sea Turtle Conservation in Mexico

    By Luis Alonso Martinez, Community Relations, Banamex October 17, 2013 02:43 PM

    Getting back to nature and helping sea turtles has been a Banamex tradition for eight years and such a popular one that 1,000 employees applied to volunteer at this summer's Sea Turtle Conservation & Community Development program. Over the years, the program has been developed in partnership with the Mexican government and local communities where the sea turtles come ashore to lay their eggs.

    Mexico is home to seven of the world's eight species of sea turtles, which makes preserving these animals a key priority for our country. In a scant eight years, 513 Mexican and U.S. volunteers have donated 34,880 hours of service to set up 13 sea turtle camps across Mexico, preserved and protected 16,241 sea turtle eggs and released 34,764 baby turtles into the sea.

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  • Citi Spotlight: How Claudia Perez Penuelas Helps Build a More Secure Future

    By Claudia Perez Penuelas, Compliance Director, Anti-Money Laundering, Citi September 26, 2013 03:05 PM

    Financial crime isn't limited to Ponzi schemes, tax evasion, or even credit fraud. Each year, hundreds of millions of dollars are funneled into Mexico and Latin America for the purpose of supporting organized crime.

    As the Director of Anti-Money Laundering Business Advisory function at Banamex, it's my responsibility to ensure that we prevent our bank from being used for such crime. Much of that work is derived from risk assessment--in other words, analyzing the range of day-to-day activities at Banamex, as well as the nature of the products and services we offer to customers.

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  • Citi Turns 200: Mergers create banking giants abroad

    November 09, 2012 11:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 32nd installment below covers how the bank merged with Banamex. Read the 31st installment explaining how Citi employees came together during the tragic events on September 11th, 2001, here.

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