Awards for excellence - Mexico
|Mexico: Banacci will be even stronger
following its acquisition by Citigroup
Best debt house:
Best equity house:
Best M&A house:
Citigroup/Salomon Smith Barney
Grupo Financiero Banamex-Accival, or Banacci, was the best bank in Mexico even before it agreed to be acquired by Citigroup. It was certainly the largest, with 1,349 branches and more than $35 billion in assets. It is also very efficient, with return on equity of more than 20% for the past two years, notwithstanding that its capital adequacy ratio, at 15.4% (tiers one and two), is the highest in the Mexican banking system. It has a 27% market share in bank deposits, and a 31% market share in loans.
Now, with Citibank's Mexican assets being integrated into either Banamex, the banking part of Banacci, or Accival, the brokerage, the bank will get even stronger.