January-December 2012


  • On January 9, 2013, the BBVA Group successfully concluded the sale of its stake in the Mexican company Administradora de Fondos para el Retiro Bancomer, S.A. de C.V. to Afore XXI Banorte, S.A. de C.V. The total adjusted price has been USD 1,735m and the capital gain, net of tax, around €800m.
  • The financial magazine World Finance has recognized BBVA Bancomer’s Asset Management unit as the Best Asset Management Institution in Mexico due to its positive earnings figures and effective management of mutual funds.
  • In the wholesale business, Mexico has taken part in a number of significant cross-border deals, such as the IPOs of Cemex in Colombia, FibraHotel and Alsea, and the foreign-trade finance of Cemex, Ebramex, IBM and América Móvil. This has consolidated BBVA Bancomer’s position as a benchmark in wholesale banking in Mexico, not only in the debt and capital markets, but also in project finance and cross-border operations.
  • Finally, it is worth highlighting the successful launch of the “Sí, acepto” (Yes, I accept) campaign that aims to support customers by granting instant loans that are individually tailored to each of them, simply by having direct deposit of their payroll. It is a quick, customer-friendly product with added advantages.