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Banco del Bajío opens new branch in Guanajuato

Mexico-based Banco del Bajío SA on June 5 opened a new branch in the Guanajuato Puerto Interior logistics complex, El Financiero reported.

The branch will cater to workers, businesses and the general public in the area, according to the report.

Separately, the bank is preparing to debut on the stock market this week via a public offering for a global amount of up to 9.89 billion Mexican pesos, the publication said, citing data from the Mexican stock exchange.

According to the bank's placement prospectus, the number of shares subject to the global offer is up to 259.1 million which does not consider the exercise of overallotment options. The price range is between 29 and 32 pesos per share.

As of June 5, US$1 was equivalent to 18.36 Mexican pesos.