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 |