Company Overview
Our group's essence. Who we are and what we believe in.
Banco Regional de Monterrey S.A., BanRegio, was founded in 1994 as a Banking Institution focused on serving the financial needs of Small and Medium Size Businesses. It began operations on September 7, 1994 in Monterrey, Mexico.
Formed by a group of Bankers with a wide experience in the industry, Banregio quickly positioned itself as a serious player in the market.
Geographic expansion
The growing demand for financial services, driven by demographics, motivated the bank’s geographic expansion which began in 2003 with a more determined plan.
As of December of 2017, we have a network of 150 branches distributed between 22 states in 49 cities.
Acquisitions
Due to the constant search in satisfying the needs of our costumers, Regional acquired two leasing companies:
• In 2009 acquired Master Lease, a company focused on auto fleets leases.
• In 2015 acquired CIT Mexico, a leasing company focused on technology equipment and machinery.
On July 2011, Banregio carried out an Initial Public Offer (IPO) under the ticker symbol GFREGIO on the BMV.
On September 2013, Banregio was included to the IPC Index. The most representative indicator of the Mexican stock exchange.
In April 23, 2018, Banregio (BMV: GFREGIOO) became part of Regional (BMV: RA). This new identity represents the union of the regions of the country where Regional is present.
This way Banregio will strengthen itself, to face the new challenges the industry presents; Regional will allow Banregio to enhance its growth, expediting the process of acquiring or creating new financial and technology businesses, maximizing their value for its shareholders, providing greater flexibility and generating product innovation. Always keeping the essence of Banregio.
The restructure does not affect any of the current subsidiaries of Banregio, among which are Banco Regional de Monterrey, which will maintain the brand and the strategy.