In the year 2007, Monex Grupo Financiero obtained the ISO 9001 certification in accordance to the 2000 version.
In the year 2010, we obtained the recertification as per the 2008 version and, in 2019, we were recertified pursuant to the latest 2015 version.
For the past 12 years, we have been revalidating our certification and have always stayed at the forefront by updating our Quality Management System in accordance with ISO 9001 standards that include the following scope:
“Antimoney laundering, antiterrorism financing and integrated risk management processes for all financial products and services”
The certificate is issued by the DNV GL certifying authority and is backed by the following international accreditation: UKAS (English) and RvA (Dutch).
In the year 2011, Monex Grupo Financiero obtained the ISO 27001 certification pursuant to the 2005 version. In the year 2014, we managed the recertification as per the 2013 version.
For the past 8 years, we have been revalidating our certification and have always stayed at the forefront by updating our Security Management System in accordance with ISO 27001 standards that include the following scope:
“Protection of confidentiality, integrity and availability of Grupo Financiero Monex customer information in its information systems“
The certificate is issued by the DNV GL certifying authority and is backed by the UKAS (English) international accreditation.
ISO/IEC 27001:2013 Certificate - UKAS
On Aug. 20, 2018, – S&P Global Ratings affirmed its 'BB+/B' global scale and 'mxA+/mxA-1' national scale ratings on Banco Monex, S. A., Institución de Banca Múltiple, Monex Grupo Financiero (Banco Monex). At the same time, we affirmed our 'mxA+/mxA-1' ratings on Monex Casa de Bolsa S.A. The outlook onall ratings remains stable.
Overview
• Ratings on Mexico-based Banco Monex reflect its stable revenue generation from foreign exchange (FX) transactions and increasing lending, despite recent international subsidiaries deconsolidation. Also, we expect our projected risk-adjusted capital (RAC) ratio for the bank to remain above 10% in the next two years despite sharp loan portfolio growth and expected asset quality deterioration.
• Consequently, we're affirming our 'BB+/B' global scale and 'mxA+/mxA-1' national scale ratings on the bank and our 'mxA+/mxA-1' ratings on its affiliate, Monex Casa de Bolsa.
• The stable outlook reflects our expectation that our projected RAC ratio will average 10.3% for the next 12 to 24 months, thanks to more prudent credit growth rate and sufficient internal capital generation while the bank maintains manageable asset-quality indicators.
Fitch Ratings raised its national long- and short-term counterparty risk ratings for Banco Monex and Monex Casa de Bolsa to AA-(mex) and F1+(mex) from A+(mex) and F1(mex), respectively. The long-term rating for Monex S.A.B. de C.V. rose to A+(mex) from A(mex). The outlook on long-term ratings for all three entities is Stable.
This rating upgrade is an acknowledgement of Monex’s consistency and perseverance, which reinforces our commitment to provide a high level quality service to our clients.
Mexico City, March 30, 2017 - S&P Global Ratings confirmed its long- and short-term credit counterparty ratings on a global scale for Banco Monex S.A. (Banco Monex) at BB+ and B, respectively. At the same time, Standard & Poor’s S.A. de C.V., a subsidiary of S&P Global Ratings, confirmed the bank’s long- and short-term ratings on the national scale (CaVal) of mxA+ and mxA-1, respectively. Finally, it confirmed its national-scale ratings of Monex Casa de Bolsa, S.A. at mxA+ and mxA-1, in that order. The outlook on the ratings on both scales remains stable.
Summary
• Banco Monex, located in Mexico, has continued to improve its financial performance with the support of revenues from its foreign-exchange business. It has also kept its asset quality indicators below those of the system despite the aggressive growth in its portfolio in recent years.
• We confirm our long- and short-term credit counterparty rating on a global scale of BB+ and B, respectively, and our long- and short-term national scale ratings of mxA+ and mxA-1 for the bank. We also confirm our national-scale ratings of mxA+ and mxA-1 for its affiliate, Monex Casa de Bolsa.
• The stable outlook reflects our expectation that the bank will maintain its leading position in the foreign-exchange business, as well as risk-adjusted capital sufficiency index of 10.5% in coming years, while continuing to expand its loan portfolio.
On April 29, 2016, Standard & Poor's Ratings Services affirmed its 'BB+/B' global scale and 'mxA+/mxA-1' national scale ratings on Banco Monex S.A. We also affirmed our 'mxA+/mxA-1' ratings on Monex Casa de Bolsa, S.A. The outlook on both scales remains stable.
At the same time, we are affirming our 'mxA+' national scale rating on the bank's senior unsecured notes (BMONEX 15).
We obtained again the Structured Retail Products award:
1. Best Distributor Mexico
2. Best House Foreign Exchange
3. Best House Mexico
With these awards we reaffirm our leadership in the market of structured products in Mexico.
Monex Grupo Financiero received, for a 16th consecutive year, the “One of the Best Places to Work in Mexico” award, from the Great Place to Work Institute.
As it is widely known, the Great Place to Work Institute bases its study on 5 values: Credibility, Respect, Fairness, Pride and a Friendly Atmosphere. The survey is applied in 34 countries.
As we have mentioned in previous years, this acknowledgment strengthens our commitment to jointly collaborate to make Monex a better place to work.
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 Secretarla de Salud de la Cd. de México in colaboration with the Consejo para la Prevención de la Obesidad y el Consejo Empresarial de Salud y Bienestar gave Monex the recognition for Healthy Responsible Organization, for the acomplishment and continous follow up of specific indicators on prevention, health promotion and wellness culture in workspace.
On August 12th, 2016, Monex Grupo Financiero received, the “One of the Best Places to Work in Mexico in Gender Equity” award, from the Great Place to Work Institute.
Great Place to Work Institute takes into account companies who score above 70, with higher female population to 30%, and 20% are in managerial and executive positions; and the responses of women in issues of discrimination and the practices and policies that promote gender equity.
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 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 rule.
Grupo Financiero Monex ranks in 307 and Monex Casa de Bolsa, in 388.
In addition, Monex Casa de Bolsa is among the companies with 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.