Results tagged as "mexico"

  • New Trade Agreement with Mexico and Canada Deserves Approval

    By Candi Wolff, Executive Vice President, Global Government Affairs, Citi November 30, 2018 09:00 AM

    Today, government leaders in the United States, Canada and Mexico signed the U.S. Mexico Canada Agreement (USMCA) that is set to modernize the current North American Free Trade Agreement, known as NAFTA.

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  • Citibanamex: Inclusive by Design

    By Ernesto Torres Cantu, Chief Executive Officer, Citibanamex, and Bob Annibale, Global Director, Citi Inclusive Finance November 02, 2016 10:00 AM

    When Citi announced a US$1 billion investment in Citibanamex – proof of Mexico’s significant role in the bank’s global strategy – we made sure that this investment would be sustainable through the creation of a business unit dedicated to financial inclusion.

    Mexico’s residents face significant hurdles to financial inclusion. According to the 2015 Financial Inclusion National Survey, while 8 million adults have opened a bank account for the first time, approximately 38 million remain unbanked. That means more than half of the country’s adult population is cut off from the mainstream banking system. As a result, advances in financial technology are not improving economic outcomes. For instance, just 9.5 percent of adults are using mobile banking, even though 75 percent have a mobile phone.

    The Mexican government has taken significant and meaningful steps to expand access, especially with the launch of the National Financial Inclusion Strategy. But these steps are enhanced by partnership with the private sector – and Citi’s investment shows our commitment for the long haul and a formal alignment with Mexico’s national plan.

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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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  • 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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  • Andrea Pozzi: Five Messages to My Younger Self About Career Advancement

    By Andrea Pozzi, LatAm Regional Head, Enterprise Risk Management, Citi March 08, 2013 05:21 PM

    I started my career as a junior futures and options analyst at an exchange. I never dreamed that many years later I would be based in Mexico working for Citi as the LatAm Regional Head of Enterprise Risk Management, managing the operational risk of all our businesses in the entire region. At the time I didn't even know what operational risk was or that it even existed. The risk management I knew was based on hedging positions with derivatives, and the derivatives at that time weren't very complicated.

    In honor of International Women's Day, I was asked to think about what advice I would give to myself at the beginning of my career. Below are five messages I would tell my younger self around career advancement.

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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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