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July 05, 2015 1:31 PM ET

Banks

Company Overview of BBVA Bancomer, S.A.

Company Overview

BBVA Bancomer, S.A. provides banking and financial products and services to individuals, government entities, and corporate clients. It operates through Commercial Banking, Corporate and Government Banking, and Corporate and Investment Banking and Global Markets segments. The Commercial Banking segment offers retail banking products through the retail banking distribution network, as well as commercial development and payment methods. The Corporate and Government Banking segment serves medium-sized companies, government entities, housing developers, car dealers, and the finance lease business. The Corporate and Investment Banking and Global Markets segment provides value-added products and i...

Avenida Universidad 1200

Mexico City, DF 03339

Mexico

Founded in 1932

Phone:

55 5 621 3434

Key Executives for BBVA Bancomer, S.A.

Chief Executive Officer
Age: 45
General Director of Finance
General Director of Insurance
General Director of Audits
General Director of Business Development & Payment Methods
Compensation as of Fiscal Year 2015.

BBVA Bancomer, S.A. Key Developments

BBVA Bancomer SA Announces Executive Changes

Banco Bilbao Vizcaya Argentaria SA tapped Eduardo Osuna Osuna to be BBVA Bancomer SA's new CEO. The executive will take the chief executive role on June 10, 2015. Osuna replaces Vicente María Rodero Rodero, who was appointed to be Grupo BBVA's director of country networks. Meanwhile, the bank also announced the creation of a new area that will merge the department of firms and government banking with corporate banking and business, which will be headed by Adrian Otero Rosiles.

BBVA Bancomer, S.A. Presents at Private Wealth Mexico Forum, Jun-16-2015

BBVA Bancomer, S.A. Presents at Private Wealth Mexico Forum, Jun-16-2015 . Venue: Four Seasons, Av. Paseo de la Reforma 500, Cuauhtémoc, Juarez, Mexico City, Mexico. Speakers: Humberto Garcia de Alba, Chief Investment Strategist Private Banking, Javier Diez, Head of Private Banking.

BBVA Bancomer, S.A. Announces Expansion Plans

BBVA Bancomer plans to open at least 30 new offices in the northern state of Nuevo Leon in 2015 and 2016. In two years BBVA Bancomer has expanded its network in Nuevo Leon from 60 to 90 offices, and this number is expected to reach 120 by the end of 2016. The expansion is part of the company's investment programme for 2013-2016, which envisages total expenditures of USD 3.5 billion for remodeling of the existing offices and construction of new ones, development of strategies, modernisation of the technological platform and installation of cash machines throughout Mexico. Nationwide, BBVA Bancomer has remodeled more than 700 offices and there are 700 more to go, adding that including the new offices the company expects to have a total of 2,000 offices in Mexico at the end of 2016. By the end of this year, some 75% of the renovation and expansion plan will have been completed.

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