History
In 2001, Grupo Elektra, a retail group with years of experience providing in-store credit, saw the need for a financial services unit. In August of that year it applied with the Secretaría de Hacienda y Crédito Público for a license to open Banco Azteca. The application was approved in March 2002 and Banco Azteca initiated operations on October 30 of the same year under the leadership of Carlos Septién Michel as CEO.
Banco Azteca currently operates from the Tiendas Elektra, Salinas & Rocha and Bodega de Remates owned by Grupo Salinas.
Read more about this topic: Banco Azteca
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