Citibanamex announced that will be separated to make way for two different financial entities: Citi Bank and Banamex. Both will continue to operate in Mexico, but not in the same way.
Initially it was noted that the separation could extend for several months, however, the changes in the bank began from this month of June and will extend until the end of the year. You have nothing to worry about if you are a customer of Citibanamexsince the bank was clear with the recent announcement.
The clients of the financial institution will not be affected by their separation. And the bank announced on its official site that will continue to operate normally in its 1,300 branches and 9,000 ATMs, but now under the name of Banamexas it was in the beginning.
This means that the credit, debit and savings cards They will continue to function normally, as will all banking services.
Citi Bank Mexico, bank run by Álvaro Jaramillo Escallón, will focus on large institutional clients, such as companies, investors and businesses with global operations. It would not require physical branches, since it will focus on institutional banking, offering the following services:
– Issuances in debt and capital markets
– Purchase and sale of securities and currencies
– Treasury
-International payments and transfers
– Foreign trade financing
– Custody of securities
– Estate and private banking
For their part, the ATMs and branches will continue to operate with Banamex, under the direction of Manuel Romo. This will focus on the consumer banking and will offer services to individual customers and small businesses with traditional banking services that include:
– Transactional and savings accounts
– Investment funds
– Credit cards
– Personal and payroll loans
– Mortgage and business credit
– Afore and Insurance
For the 23 million clients that Citibanamex currently has, the changes will be minimal. In the event that any of the users of this bank have a question, it is advisable to consult directly with the banking line of Banamex.
