Certifications,
ratings and recognitions

Fitch Ratings - Monterrey - 12 Sep 2023: Fitch Ratings has affirmed Banco Monex, S.A., Institucion de Banca Multiple, Grupo Financiero Monex's (Banco Monex) Long- and Short-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB+' and 'B', respectively, its Viability Rating (VR) at 'bb+', and its Government Support Rating (GSR) at 'no support' (ns). The Rating Outlooks for the LT IDRs are Stable.

At the same time, Fitch has revised the Rating Outlook for the Long-Term National Ratings to Positive from Stable of Banco Monex, Monex Casa de Bolsa, S.A. de C.V., Grupo Financiero Monex (Monex CB) and Monex, S.A.P.I. de C.V. (Monex) and affirmed the Long- and Short-Term National Scale ratings at 'AA-(mex)'/'F1+(mex)'.

See Fitch Ratings 

On October 14, 2024, HR Ratings increased the ratings of the following entities.

• Monex SAPI Rating: HR AA with Stable Outlook and HR1
• Banco Monex Rating: HR AA+ with Stable Outlook and HR1
• Monex Casa de Bolsa Rating: HR AA+ with Stable Outlook and HR1

Below are the detailed reports for each one:

Monex SAPI Report Banco Monex Report Monex Casa de Bolsa Report

Once again, we secured the Structured Retail Product award:

1. Best Distributor Mexico

2. Best House Foreign Exchange

3. Best House Mexico

With these awards, we reaffirm our leadership in the structured product market in Mexico.

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22 Years of Being a Great Place to Work!

For 22 consecutive years, we have been recognized by the Great Place to Work Institute as one of the Best Companies to Work For in Mexico. This year, we achieved 4th place in the category of companies with 500 to 5,000 employees.

This recognition is based on a rigorous study that evaluates five key dimensions: credibility, respect, fairness, pride, and camaraderie, and is conducted across 34 countries.

This achievement not only fills us with pride but also strengthens our commitment to continue building, together, a better Monex every day to work at.

For the Fifteenth​ consecutive year, Monex was named a  Socially Responsible Company  by the Mexican Philanthropy Center (CEMEFI, for its acronym in Spanish) and the Alliance for Corporate Social Responsibility in Mexico (AliaRSE), organisms who grant this acknowledgment to companies who satisfactory meet the criteria set in four different areas: Living Standards within the Company, Corporate Ethics, Community Involvement, and Environmental Care and Preservation.     

Likewise, Monex maintains its social commitment by allocating at least 1% of its profit before taxes to investing in social causes.   

For us at Monex , Corporate Social Responsibility is a valuable strategy that allows us to achieve our business goals, while positively impacting the groups we come in contact with: collaborators, clients, vendors, shareholders, authorities, the community and the environment. 

In 2015 the CDMX Ministry of Health, in collaboration with the Obesity Prevention Council and the Health and Wellbeing Corporate Council gave Monex an award for being a Healthfully Responsible Organization, for the accomplishment and continuous follow up of specific indicators on prevention, health promotion and wellness culture in the work space.

The GPTW ranking for Women is a list that recognizes organizations that, with their leadership and culture, make it possible for women to have better workplaces where they are considered, respected and promoted. And Monex will be part of this starting in 2024.

As we have mentioned in previous years, this acknowledgment strengthens our commitment to jointly collaborate to make Monex a better place to work.

Since 2014, the Department of Labor and Social Security granted the Family Responsible certification to our head office and 18 branch offices, resulting from our good labor practices in terms of work and family life conciliation, gender equality and opportunity fairness, as well as prevention and combat of labor violence and sexual harassment. 

With such certification, Monex reaffirms its commitment to the wellbeing of our collaborators, with the purpose of having a space where the values of respect for the dignity of others and labor rights prevails. 

Grupo Financiero Monex ranks at 307 and Monex Casa de Bolsa, at 388.

In addition, Monex Casa de Bolsa is among the companies that reported the highest percentage growth in sales.

The ranking assesses companies that offer goods and services and that report revenue or sales; the purpose of this list is to offer a general view of the main Mexican companies considering several indicators. 

In the year 2005, Monex decided to voluntarily and decisively form part of the United Nation’s Global Compact initiative, whose ten fundamental principles address human rights, labor regulations, environment protection and the fight against corruption.