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- Citibanamex
Citibanamex Valuation, Funding & Investors
Citibanamex is valued at $10M as of February 2026.
Last Citibanamex valuation
$10M
Secondary · Feb 2026
Key investors in Citibanamex
Blackstone
General Atlantic
Qatar Investment Authority
Chubb
Liberty Strategic Capital
Fernando Chico Pardo
About Citibanamex
Citibanamex is Mexico City-based bank that delivers retail banking, corporate finance, wealth management, and investment services across Mexico. It operates over 1,400 branches and ATMs nationwide, serving more than 20 million customers with products including savings accounts, mortgages, personal loans, and credit cards. As the second-largest bank in Mexico by assets, Citibanamex partners with Citigroup for international transactions while focusing on local market expansion. Established in 1884 through the merger forming Banco Nacional de México, it rebranded to Citibanamex following Citigroup's 2001 acquisition. In 2024, Citigroup announced plans to spin off its consumer and institutional banking operations in Mexico, positioning Citibanamex for independent growth amid digital banking initiatives.
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Services
Valuation
$10M (Feb 2026)
Sectors
Citibanamex Valuation
Citibanamex is currently valued at $10M, based on its secondary sale in February 2026.
The round included Qatar Investment Authority, Blackstone, Chubb, General Atlantic, Liberty Strategic Capital and 1 other investor.
Citibanamex's valuation has moved from $37B at its secondary sale in September 2025 to $10M in February 2026, across 2 priced rounds.
Citibanamex valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2026 | Secondary | $10M |
| Sep 2025 | Secondary | $37B |
Citibanamex Funding History
Citibanamex has 2 recorded secondary share sales and no primary funding rounds.
Citibanamex funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Secondary | Qatar Investment Authority; Blackstone; Chubb; General Atlantic; Liberty Strategic Capital; Afore SURA MX | - | $10M | - |
| Sep 2025 | Secondary | Fernando Chico Pardo (lead) | $2.3B | $37B | Grupo Financiero Banamex is Mexico's fourth-largest financial group by total assets, founded in 1884, operating a network of 1,300 branches and 9,000 ATMs serving over 13.6 million retail clients with commercial banking, investment services, insurance, and investment management offerings. In September 2025, Citigroup agreed to sell a 25% equity stake in Banamex to Fernando Chico Pardo and members of his family for approximately $2.3 billion (42 billion Mexican pesos), based on a price-to-book ratio of 0.80 times Banamex's local GAAP book value at closing. The transaction was completed on December 15, 2025, after obtaining approvals from Mexico's financial and competition authorities. Following the closing, Chico Pardo was appointed Chairman of Grupo Financiero Banamex, while Manuel Romo continued as CEO and Ignacio Deschamps remained as Chairman of Banco Nacional de México. The sale represents a significant step in Citigroup's strategic divestiture of its Mexican consumer banking operations and the planned initial public offering of Banamex, which Citi originally acquired in 2001 for $12.5 billion. |
Who has invested in Citibanamex?
7 investors have backed Citibanamex across its funding rounds, including Blackstone, General Atlantic, Qatar Investment Authority, Chubb, Liberty Strategic Capital and Fernando Chico Pardo.
Lead investors include Fernando Chico Pardo.
Citibanamex Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 7 Citibanamex investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCitibanamex Competitors
Citibanamex competitors include listed companies like Carver Federal Savings Bank and Nidaros Sparebank, and private ones like Hybrid Financial Services Group, Woodcore Inc, MPT PAY and Fleming.
| Company | HQ | Status | Revenue | Valuation | Revenue Multiple |
|---|---|---|---|---|---|
| Publicly listed | $27M | $10M | - | ||
| Private | - | $10M | - | ||
| Private | - | $11M | - | ||
| Private | - | $12M | - | ||
| Private | - | $12M | - | ||
| Publicly listed | $15M | $13M | 0.9x |
Citibanamex Public Comps
Citibanamex is still privately-owned, but its public comps include Carver Federal Savings Bank, Holand og Setskog, Nidaros Sparebank, Centrum Finansowe, Giant Group, Getin Holding, Banco Pichincha, Banco Actinver, Flekkefjord Sparebank and Sogn Sparebank.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $27M | - | 0.4x | - | - | - | |||
| $21M | - | 0.4x | 0.4x | - | - | |||
| $15M | - | 0.8x | 0.9x | - | - | |||
| $6M | $3M | 2.2x | - | 4.5x | - | |||
| - | - | - | - | - | - | |||
| $401K | - | 36.9x | - | - | - | |||
| $1.9B | - | 0.0x | - | - | - | |||
| $218M | - | 0.0x | 0.0x | - | 0.0x | |||
This data is available for Pro users. Sign up to see all Citibanamex competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Citibanamex
| Where is Citibanamex headquartered? | Citibanamex is headquartered in Tijuana, Mexico. |
| Is Citibanamex publicly listed? | No, Citibanamex is a private, VC-backed company. |
| What is Citibanamex's valuation? | Citibanamex was last valued at $10M in its secondary sale in February 2026. |
| Who are Citibanamex's investors? | Citibanamex's investors include Qatar Investment Authority, Blackstone, Chubb, General Atlantic, Fernando Chico Pardo, Liberty Strategic Capital and Afore SURA MX. |
| Which companies are comparable to Citibanamex? | Companies comparable to Citibanamex include Carver Federal Savings Bank, Hybrid Financial Services Group, Woodcore Inc, MPT PAY, Fleming and Nidaros Sparebank. |
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