El Banco Nacional de México

On 2 June 1884 the Banco Nacional Mexicano and the Banco Mercantil Mexicano merged to form the Banco Nacional de México, with a share capital of $20,000,000. Its concession was signed on 15 May 1884 and approved by Congress on 31 May 1884.

During its period as a bank of issue the Banco Nacional de México was responsible for issuing almost half of the banknotes in Mexico.

Year Percentage of notes issued by Total
El Banco Nacional de México other state banks
1890 67 13  
1895 56 35  
1900 36 35  
1905 28 31  
1910 46 38