The bank was created on December 2, 1994 in León, Guanajuato. The bank started out small but since its inception has grown to cover 90% of the states in Mexico. In 2017, the bank sought an IPO to be listed on the stock exchange as a result of their increase in revenue and size.[2]
The bank provides various commercial banking products and services to individuals, companies, governments, and SMEs in Mexico. It offers checking, payroll, and minor accounts; and credit cards and mortgage credits. The company also provides investment, foreign exchange, and savings fund services; car, lifetime, home, fraud protection, multiple business, and personal accident insurance services; and electronic and mobile banking services.[3]
BanBajío has directed its efforts to two priority niches: micro, small and medium enterprises, and the agri-food sector. Today, it is a multi-regional bank with a presence in 90% of the states of the Mexican Republic and a strong influence in the triangle of the states of Monterrey, Guadalajara and D.F.[4]