Banamex has decided that by the end of this year or early 2026 it will carry out an Initial Public Offering (IPO), after several interested parties, such as Santander, Banorte, Inbursa, Mifel, Azteca, and businessman Germán Larrea, director of Grupo México, showed interest in the direct purchase of the bank.
Manuel Romo, CEO of Banamex, pointed out that the path to the IPO is being followed, which was announced as part of a strategic decision at Citi in 2022. Although the exact date of the sale is not defined, it is estimated that it will take place once all pertinent regulatory requirements are met.
Romo emphasized the importance of being prepared for any eventuality and stressed that the sale does not solely depend on market conditions, but also on Banamex's diligence in meeting regulatory terms.
Regarding the uncertainty generated by the trade policies of President Donald Trump, Romo expressed that Mexico remains well positioned in the context of current geopolitical and economic adjustments, making it a long-term winner amid short-term volatility.
The direct sale of Banamex seems to be ruled out for the moment, as the banking institution is concentrating its efforts on carrying out an Initial Public Offering on the stock market. Romo highlighted that they are 100% focused on the IPO, assessing volatility daily and analyzing its possible impact on portfolios.
