American Express consolidates its legal entities in Mexico

In a statement, the company said that it voluntarily requested the termination of its banking license that had been granted to American Express Bank, and that said request has already been approved by the National Banking and Securities Commission (CNBV) and the Bank of Mexico. (Banxico).

“Unifying our operation under the same legal entity, American Express Company Mexico, will allow us to increase our internal synergies and achieve higher levels of efficiency and agility to continue offering the service and support that characterizes us to our clients, colleagues and the community of Mexico” said Santiago Fernández Vidal, president and general director of American Express in Mexico.

According to the Mexican Government, a multiplex bank is an entity that is mainly dedicated to attracting resources from the public through products, such as checking accounts, savings accounts, fixed-term deposits, among others, to later place them in credit operations. such as commercial loans, mortgage loans, personal loans and credit cards, among other products.

“We will continue to focus on our digital transformation and contributing to the local economy. Today we have new corporate offices in Polanco (CDMX), and we have completely renovated and reopened our iconic building located on Calle de Patriotismo. We are very excited about the future of our organization in the country”, said Fernández Vidal.