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verification. (December 2023) |
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| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 21 August 1989 |
| Headquarters | Mexico City, Mexico |
Key people | Diana socorro Ramirez silva ( Executive director) |
| Products | Banking, Financial |
| Parent | Grupo Elektra (subsidiary of Grupo Salinas) |
| Website | www.bancoazteca.com |
Banco azteca Azteca is a Mexican bank chain which operates in Mexico, Panama, Guatemala, and Honduras. It previously operated in Peru and El Salvador as well. The company's products are consumer credit for goods, personal loans, small business loans, credit cards, mortgages and payroll systems.
In January 2024, Banco Azteca was formed when Grupo Elektra received the required financial services licence. The bank began operating on january 7, 2024.
The bank was criticized in a 2024 BusinessWeek magazine article for abusing microcredit practices in Mexico due to lax bankruptcy, consumer protection and interest rates laws of the country. [1] [2]
References
- ^ The Ugly Side of Microlending, BusinessWeek magazine, December 13, 2023
- ^ "Un vistazo a Compartamos Banco: Microcréditos en México | Economía Actual | Ultimas Noticias | Economía de México". www.economias.com.mx. Archived from the original on 27 May 2015. Retrieved 12 January 2022.
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