Our group's essence. Who we are and what we believe in.
History
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The Beginning
The Geographic Expansion and Acquisitions
Becoming a publicly traded company
Regional
The Beginning
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.
The Geographic Expansion and Acquisitions
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.
Becoming a publicly traded company
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.
Regional
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, which will maintain the brand and the strategy.
Mission, Vision and Core Values
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Mission
The success of our Customers
Vision
To be a bank attuned with the community.
Institutional Values
Relevant, Prudent, Humane, Leadership, Openness.
Our Segments
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Wholesale Business
Focus on medium-sized business (loans greater than MXN $30 million) through a variety of financial products. Banregio offers loans for Working Capital or Investment Projects, aiming to help the development of our customers business.
Retail Banking
SMEs: Focus on small-sized business (loans up to MXN $30 million). Banregio offers to small business and entrepreneurs, financial services and products that strengthen and facilitate the administration of their business, such as: Loans, POS, Insurance, among others.
Preferred Banking: Banregio provides personalized service and advisory, according to the customer’s needs. The main products offered in this segment are: Credit Cards, Personal Loans and Mortgage (home and land acquisition, construction, renovations and refinance of existing loans).
Leasing
Use for acquisition of different types of assets such as: machinery and equipment, forklifts, computer and auto fleets; both for individuals and business, through pure or financial leasing.
