Grupo Financiero BBVA Bancomer (GFBB) is no newcomer in Mexico. With roots going back 150 years, it owns BBVA Bancomer (one of Mexico's largest banks). BBVA Bancomer operates some 1,800 branches and 6,800 ATMs and carries about one-fifth of Mexico's retail banking market. In addition to retail banking, the group offers corporate, private, and mortgage banking as well as investment and government banking services. Non-banking subsidiaries include pension fund manager Afore Bancomer, annuities firm Pensiones Bancomer, mortgage lender Hipotecaria Nacional, and property/casualty and life insurer Seguros Bancomer.