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Banking

Latin America best managed banks 2018: Mexico

BBVA Bancomer

Eduardo-Osuna-160x186

Eduardo Osuna
© 2018 Euromoney
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Mexico’s largest lender BBVA Bancomer emerges as the country’s best managed bank from a crowded field of contenders – testament to what analysts say is the best regulatory environment in Latin America. 

Despite not being a public company, BBVA Bancomer edges out its two main listed rivals, Santander and Banorte, as the former is still in the early stages of an ambitious strategic overhaul and the latter’s recent acquisition of Interacciones raised some corporate governance concerns among analysts. 

Since 2013, Bancomer has invested $3.5 billion in transforming its business – from strengthening its technological capabilities to refurbishing its branches – helping it achieve its objective of improving the overall customer experience. 

Key facts

  • Chief executive 
    Eduardo Osuna (started 2015)


  • Chief financial officer 
    Luis Ignacio de la Luz Dávalos (started 2017)


  • Head of investor relations
    Claudia Díaz Juan


  • Size of IR department 
    2


  • Revenues 
    (running 12-month at last quarter) 
    Ps110.637

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