October 01, 2016 5:22 AM ET


Company Overview of Banco Azteca, S.A., Institución de Banca Múltiple

Company Overview

Banco Azteca, S.A., Institución de Banca Múltiple provides various banking products and services primarily in Mexico. The company offers credit and deposit accounts; and line of credit, consumer credit, and personal and group loans, as well as online, and mobile and telephone banking services. It operates approximately 4,000 branches. The company was founded in 2002 and is based in Mexico City, Mexico.

Tower 2

Apartment 6

Insurgentes Sur # 3579

Col. Olympic Village, Tlalpan

Mexico City, DF 14020


Founded in 2002

30,712 Employees

Key Executives for Banco Azteca, S.A., Institución de Banca Múltiple

Chief Executive Officer
Age: 54
Chief Financial Officer
Chief Executive Officer of Latin America Banking
Treasury Manager
Chief Legal Officer and Secretary of the Board
Age: 54
Compensation as of Fiscal Year 2016.

Banco Azteca, S.A., Institución de Banca Múltiple Key Developments

Banco Azteca Set to Close its Operations in Brazil

Banco Azteca is set to close its operations in Brazil after being put under liquidation by the country's central bank for flouting legal and regulatory rules. The bank operates only one branch in Brazil and employs 17 staff.

Banco Azteca Announces Management Changes

Grupo Elektra, S.A.B. de C.V. announced that Alejandro Valenzuela del Rio was named CEO of Banco Azteca, a subsidiary of Grupo Elektra. Mr. Valenzuela has over 20 years of experience in the financial industry in Mexico, both in the public and private sectors. He was CEO of Grupo Financiero Banorte, and at the same institution he held the positions of Director of Treasury and Director of the brokerage firm, among other executive responsibilities. Previously, he was Director of International Relations at Banco de Mexico and held strategic positions in the Ministry of Finance. Alejandro Valenzuela replaces Luis Niño de Rivera, who will become Vice President of the Board of Banco Azteca. Mr. Niño de Rivera has been instrumental in the steady expansion of Banco Azteca in Mexico and Central and South America, as well as in its solid results, robust balance sheet and solid growth perspective.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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