Profile

of the Organization

Profile of the Organization

The Association of Mexican Banks (Asociación de Bancos de México, ABM, A.C.) was founded on November 12, 1928, as the Assoication of Mexican Bankers (Asociación de Banqueros de México) with the purpose of representing in the overall interests of the Mexican banking system. The ABM was created in the participation of 26 banks and currently has a membership of 42 full-service banking institutions in the country.

Since its foundation, the ABM has acted as the umbrella organization of credit institutions, having collaborated with its associates in achieving their overall goals and in all the activities related to the provision of the banking service, credit and the modernization of the payment system.

It has also played a key role in the framework of the inter-relations of credit institutions, their relations with the Mexican Government and with international brokers.

Mission, Vision and Values

To develop and strengthen the Mexican banking sector, as well as to represent the interests of the institutions within it in the achievement of their objectives and activities by providing specialized technical services, information, contact with authorities, international interaction, studies, research and services of common interest.

To be a body highly recognized for its contribution to the comprehensive development of the banking system, which represents the general interests of the banking industry and contributes to improving the understanding of the services that the system the harmonious and sustainable development of the country.

• Efficiency
• Commitment
• Transparency
• Creativity
• Integrity
• Honesty
• Responsibility

Objectives

To represent and defend the general interests of its associates in all common formalities before the public administration and private organizations.

• To facilitate communication among associated institutions to build consensus on issues that require the establishment of standards that will increase the efficiency of the industry.

• To encourage the development of banking activities through forums to share national and international experiences to ultimately create the best practices and innovation.

• To conduct studies and research focused on the development and correct operation of the banking and financial system in general, as well as those aimed at streamlining its operating methods and practices.

• To file proposals to update laws, regulations, circulars, rules and regulations before the various authorities in order to align them to the changing reality of the financial system, the economy and international practices, as well as to increase the level of competitiveness of the institutions that operate in Mexico.

• To circulate information on products, services, agreements and issues of the national agenda in which there is an industry interest.

• To oversee the operation and correct functioning of the State Banking Centers.

• To organize and promote workshops and seminars aimed at increasing the knowledge and training of banking personnel in topics of current interest or the sound development of the banking system.

• To participate with institutions in other countries and with international agencies to promote relationships and exchange experiences related to improving banking practices and increasing levels of efficiency within the financial system.