Banamex

Mexico’s export revenue rose 24.6% annually in the first six months of 2026, reaching $389.72 billion, driven by a 37.6% surge in non-automotive manufacturing exports. The country recorded a $9.85 billion trade surplus, with over 80% of exports directed to the United States, where it has been the top exporter since 2023. Mining sector exports also increased by 78.6%.

Banorte is considering another bid for Banamex as Citigroup sells stakes and plans to reshape the sale through an IPO. The potential acquisition is linked to Citigroup's strategic shift in its Latin American banking operations.

Banamex is issuing global bonds for the first time since its 2006 acquisition by Citigroup. The bank's corporate headquarters in Mexico City remains a key location for its operations.